Apr 27 2009

Somewhat empty day. Slightly positive but nothing to write home about. Whole swine flu thing took the market off track.

Session Time: Mon Apr 27 00:00:00 2009

[07:56] {nemo} Gawd...this window header stuff has taken on a life of it's own!

[08:02] {fernp} Good morning

[08:03] {nemo} :)

[08:03] {fernp} Bin Laden May Be Dead According to Pakistan's Intelligence http://www.bloomberg.com/apps/news?pid=20601087&sid=aFTKaoi4lFNg

[08:04] {nemo} They roll that headline out every year

[08:17] {pita} greetings

[08:27] {dptl} good morning all

[08:28] {nemo} gm

[08:41] {Threei}  Good morning

[08:41] {larisa} morning :)

[08:41] {dptl} good morning

[08:41] {fernp} gm

[08:42] {Threei}  latisa, dp, fern :)

[08:47] {KSystems} morning :)

[08:48] {ese} morning

[08:50] {Threei}  ks, ese :)

[08:51] {Threei}  ese look dcc please

[08:55] {jfjf64} gd mornin all

[08:55] {Threei}  jf :)

[09:04] {cosmo} NVAX trading at a feverous pace

[09:05] {Threei}  swine flu play

[09:05] {cosmo} 3.10 to 3.95 range

[09:05] {Threei}  GNBT is another

[09:06] {cosmo} BCRX

[09:07] {cosmo} PURE

[09:08] {cosmo} QDEL: # Quidel falls to 1Q loss on weak flu seasonAP(Thu, Apr 23)

[09:09] {cosmo} good time to start a tea tree farm maybe

[09:20] {i2romantis} morning all

[09:21] {cosmo} CRXL

[09:22] {Threei}  i2r :)

[09:22] {nemo} Can we trust quotes Vad?

[09:24] {magoo} morn

[09:24] {Threei}  doesn't look like it

[09:24] {Threei}  INET is stuck

[09:24] {nemo} so sit it out until resolved?

[09:24] {Threei}  look at T&S and compare to level 2

[09:24] {Threei}  usually T&S is accurate

[09:24] {Threei}  if you swicth server, you will see corrected level 2

[09:25] {dino} gm all

[09:25] {Threei}  dino :)

[09:25] {nemo} what servers to use vad?

[09:28] {Threei}  they all screwed up

[09:28] {Threei}  hmm

[09:28] {Threei}  seems better

[09:28] {nemo} Well..how's the weather?

[09:29] {Threei}  I am on 7th

[09:29] {nemo} quote or chart?

[09:29] {Threei}  no, still delayed

[09:31] {Threei}  NVAX looks determined

[09:32] {magoo} gild drops a point

[09:33] {vint} good morning all

[09:33] {Threei}  vint :)

[09:34] {nemo} fas closing the gap

[09:35] {Threei}  watching FAZ for pullback and double bottom

[09:35] {Threei}  8.55 support

[09:35] {Threei}  would like to get it as close to it as possible

[09:36] {Threei}  around .60 if shows strength

[09:36] {Threei}  if not going there, then .70 break

[09:36] {dptl} in.68

[09:37] {Threei}  stop under .60 for scalp or under .55 for bigger trade

[09:38] {dptl} half out .78

[09:40] {dptl} all out ty

[09:40] {dptl} faz

[09:42] {Threei}  let's try to find GILD entry

[09:42] {Threei}  half lot only, stock is too volatile

[09:43] {Threei}  great... jumped as I was ttypoing .10 break, lol

[09:43] {jfjf64} crazy

[09:43] {nemo} where auto correct in Laser?

[09:44] {Threei}  right click on level 2

[09:44] {Threei}  tab Level II

[09:45] {Threei}  section Auto Correction

[09:45] {nemo} ty

[09:45] {Threei}  check upper box, keep 0

[09:45] {magoo} in gild btw .40

[09:46] {Threei}  I'

[09:46] {magoo} out .71 TY vad

[09:46] {Threei}  d be taking prifit near .70

[09:46] {Threei}  good exit

[09:46] {Threei}  ENER

[09:46] {Threei}  HEARING RENEWED TAKEOVER CHATTER

[09:46] {magoo} FL too lol

[09:48] {Threei}  BCRX pullback is geting interesting

[09:48] {Threei}  fast seling under 4 is what I want to see

[09:49] {Threei}  FAZ again

[09:49] {Threei}  .60 break if holsding .55

[09:49] {Threei}  keep stop religiously, if it loses .55 will dive fast

[09:51] {dptl} in .61

[09:51] {nemo} in

[09:52] {Threei}  stopped

[09:52] {dptl} stopped

[09:52] {nemo} yeah the nas and spy were strengthening

[09:53] {jfjf64} stopped

[09:53] {magoo} FITB str up

[09:54] {ese} yup been watchin it....interesting

[09:54] {ese} it had pretty good numbers last week

[09:54] {magoo} financials strong

[10:02] {magoo} .

[10:04] {i2romantis} lol, my morning is done. as freaky as it can be, holding overnight or weekend can be fun :)

[10:04] {nemo} it can suck too

[10:04] {nemo} glad you got the bull and not the horn

[10:05] {i2romantis} :)

[10:05] {i2romantis} see you guys tomorrow

[10:05] {Threei}  take care i2r

[10:05] {fernp} bye

[10:05] {magoo} sigh

[10:07] {magoo} DNDN vad

[10:07] {magoo} nutsaroolla

[10:09] {Threei}  US CDC MAY REPORTEDLY BE ISSUING TRAVEL RECOMMENDATIONS REGARDING SWINE FLU LATER TODAY

[10:09] {Threei}  {NVAX BCRX GILD ROG.SZ GSK.UK}

[10:10] {Threei}  DNDN no news

[10:10] {magoo} beyond volatile

[10:11] {magoo} futes weak

[10:11] {vinod} just a test

[10:11] {vinod} working

[10:12] {vinod} good morning

[10:13] {Threei}  vinod :)

[10:13] {Threei}  WSJ: LARGE COMMERCIAL JET SEEN FLYING LOW OVER HUDSON RIVER BEING ACCOMPANIED BY MILITARY JET

[10:13] {Threei}  what's going on today

[10:14] {ese} did anyone esle get cut off or was that just me

[10:15] {nemo} I stoved your ip address

[10:15] {Threei}  there was server hiccup

[10:15] {nemo} not :)

[10:15] {ese} tks nemo.......

[10:15] {wulff} WFC long here

[10:15] {wulff} me 

[10:16] {nemo} still dating wfc huh wulff :)

[10:16] {wulff} see'um as I see'um

[10:17] {nemo} great one on Friday if I remember...scooped it right off the floor

[10:17] {wulff} yes

[10:18] {jfjf64} keep gettin knocked off server   anyone else

[10:18] {nemo} no

[10:18] {patience} me too

[10:18] {vinod} me too

[10:21] {magoo} vad..we in anything

[10:21] {Threei}  no

[10:22] {nemo} so NO ENTRY! has multiple applications

[10:22] {magoo} vad, no what?

[10:22] {pita} FITB consolidating...

[10:23] {wulff} seems to be some financial funny business today

[10:25] {ese} straight out of Vads book Pita.......

[10:25] {ese} same thing with HBAN

[10:26] {pita} aye

[10:30] {ese} aye laddie

[10:30] {dino} out blud .25, +1.00 holdover from fri

[10:30] {dino} sm l ctcm .25

06[10:30] * magoo slaps dino around a bit with a large trout

[10:30] {ese} is it an entry ye be wan'en

[10:31] {magoo} holds dont count lol

[10:31] {nemo} shouldn't that be a large roll of cash mags?

[10:31] {dino} lol

[10:31] {pita} aye it is

[10:31] {pita} is = tis

[10:31] {magoo} what..u a pirate now lol

[10:31] {nemo} irish

[10:31] {pita} bored

[10:32] {nemo} what nationality is that?

[10:32] {ese} combination scotish/ irish

[10:32] {pita} mutt

[10:32] {nemo} I'm from the pound too

[10:33] {dino} rcl beat up on swine

[10:34] {dino} ccl too

[10:34] {pita} FITB'd gonna break - more likely down?

[10:34] {nemo} what about dis?

[10:35] {magoo} new movie release...the baconator

[10:35] {dino} dis or dat?

[10:35] {ese} or dez or doz or dem

[10:36] {nemo} der die das die dem der den des

[10:36] {nemo} huh K!

[10:36] {dino} rcl gap around 11.75

[10:39] {Threei}  WFC

[10:39] {Threei}  REPORTEDLY TO RE-MARKET $2.84B IN DEBENTURES ORIGINALLY DUE 2033

[10:39] {Threei}  - Re-market not seen producing any net-profits

[10:39] {wulff} good boy WFC

[10:40] {ese} now theres one i haven't heard before...remarket debentures.....how does that work

[10:40] {Threei}  no idea

[10:41] {dino} lipstick helps

[10:42] {ese} when i took that useless Canadian Securities course we studied debentures but not that concept

[10:44] {Threei}  nice spike WFC

[10:44] {ese} right along with qqqq

[10:48] {dino} ilmn sm l .00

[10:54] {dino} out ctcm .10, +.85

[10:58] {jfjf64} keep getting kickerd off     we in anythin 

[10:58] {Threei}  no

[10:58] {jfjf64} ty

[10:59] {Threei}  F is trying Fri high

[11:00] {nemo} still awake vad

[11:01] {Threei}  pace is so strange whole morning, can't get a feel for what's happening

[11:02] {nemo} advancers are only 31% 56% for decliners

[11:02] {dino} just said same thing to magoo

[11:03] {dino} lackluster

[11:03] {nemo} I'm getting coffee, see if that helps

[11:04] {magoo} i went emergency room friday nite..yup, ankle broke

[11:04] {magoo} so i have to leave today @ 12:30 for ortho apptm

[11:04] {magoo} been walking on it for 7 days lol

[11:05] {pita} ouch

[11:05] {pita} ankle is complicated joint

[11:05] {magoo} tell me about it 

[11:06] {pita} yeah, sorry

[11:08] {nemo} didn't work

[11:11] {Threei}  RMBS

[11:12] {Threei}  HEARING RENEWED TAKEOVER CHATTER CIRCULATING

[11:12] {Threei}  - Samsung rumored as potential acquirer north of $15/shr

[11:19] {jfjf64} vad  recieved course mail today   ty

[11:19] {Threei}  great

[11:20] {jfjf64} ill call ya  next sat at  9am eastern   see how  ya doin    lol

[11:20] {Threei}  death wish?

[11:21] {Threei}  watching WFC for bounce scalp

[11:21] {Threei}  quick sellogg into .60 would be interesting

[11:25] {vinod} market is dead

[11:25] {Threei}  very much so

[11:26] {Threei}  and morning move was so reserved, couldn't really find any worthy plays

[11:27] {nemo} just slowly diminishing reversals

[11:29] {vinod} The market rewards patience traders

[11:29] {Threei}  watching GILD for possible .50 - .60 range, then break

[11:30] {Threei}  one more such move down then up, and I will be interested

[11:30] {Threei}  here is down

[11:30] {Threei}  if holding .50 and breaks .60, long

[11:30] {nemo} invalumadated

[11:31] {Threei}  yeah

[11:32] {vinod} well time for liquid lunch is coming

[11:32] {jfjf64} ya

[11:32] {nemo} where you going vinod?

[11:33] {vinod} at fire and ice

[11:33] {jfjf64} wfc

[11:33] {nemo} Not familiar with that place...Frankly I stay out of the city

[11:33] {vinod} on berkely street

[11:34] {nemo} o.k.

[11:34] {Threei} Long Setup:  GILD  .45 break

[11:34] {Threei}  stop under .40

[11:34] {Threei}  just a scalp most likely

[11:35] {magoo} in

[11:35] {vinod} in

[11:35] {vinod} stop at 0.38

[11:36] {Threei}  1:1, lol

[11:36] {Threei}  and over

[11:36] {vinod} move stop to 0.45

[11:36] {Threei}  WFC is getting there

[11:37] {vinod} now 0.50

[11:37] {vinod} done

[11:38] {Threei}  why not just take profit when it's almost 1:2?

[11:38] {Threei}  it was intended as a scalp from the get go

[11:38] {nemo} don't feel bad vinod...been there done that

[11:38] {vinod} hope--i had a hope it may go to more

[11:38] {Threei}  it's a hi-bye-niceknowingyou kind of play

[11:38] {nemo} hopehopehopehopehopehopehopehopehopehopehopehope

[11:39] {nemo} no hope

[11:39] {nemo} evil word

[11:39] {nemo} damn caffeine

[11:39] {Threei}  one thing I'd do differently if tried to maximize it vinod:

[11:39] {Threei}  moving stop to breakeven after 1:1 is reached makes sense,

[11:40] {vinod} thanks vad

[11:40] {magoo} i still in

[11:40] {Threei}  but next trail was a bit too overtightened

[11:40] {Threei}  if you really want to go for a run while avoiding loss, keep the stop at breakeven,

[11:40] {nemo} Why am I not surprised mags is still in

[11:40] {Threei}  don't give it chance to shake you out so easily

[11:41] {Threei}  look at it this way:

[11:41] {dptl} i did that first half .55 and than .49 gild ty

[11:41] {Threei}  if you were willing to sacrifice 10 cents profit for the chance of bigger run and at the risk of profit evaporating,

[11:41] {magoo} just thought it hasd more

[11:41] {Threei}  what sense does it make to lock in 4 cents profit by moving stop to .50?

[11:41] {Threei}  see my point?

[11:42] {Threei}  accept breakeven as worst case scenario and give it breathing room

[11:42] {jfjf64} wfc

[11:42] {Threei}  but .50 is almost guaranteed shakeout

[11:43] {vinod} o.k i got it should have at breakeven pot

[11:43] {magoo} out .66 TY

[11:43] {magoo} +.21

[11:43] {Threei}  yeah, there is a contradiction between refusing to take 10 cents for the chance of bigger run, yet tightening stop to 4 cents :)

[11:43] {Threei}  welcome mags

[11:46] {nemo} wfc wulff

[11:46] {dino} titn

[11:47] {nemo} jf

[11:47] {jfjf64} not yet

[11:47] {jfjf64} waitin for .60

[11:47] {nemo} nope

[11:48] {jfjf64} nope nope

[11:48] {dino} l .95

[11:48] {Threei}  .64-.65 was it... was a bit too fast there for confident entry

[11:48] {nemo} higher low inside the bollinger bands

[11:49] {wulff} still holding

[11:54] {Threei}  FTC CHAIR: INTERNET COMPANIES APPROACHING THEIR 'LAST CHANCE' TO SELF REGULATE

[11:54] {Threei}  huh?

[11:55] {nemo} taxes

[11:56] {Threei}  DNDN

[11:56] {Threei}  the thing is beyond risky

[11:56] {Threei}  but I swear it's preparing another stunning run

[11:56] {nemo} gild headed back to support

[11:57] {jfjf64} entry??

[11:58] {Threei}  22 break... half lot

[11:58] {Threei}  risky as hell

[11:58] {dptl} stop?

[11:59] {Threei}  if sets up from here, under .90

[11:59] {dptl} ok ty

[12:00] {magoo} ok..i gotta run, er um, hobble..to my ortho apptmt

[12:01] {Threei}  good luck mags

[12:01] {magoo} c u tomorrow

[12:01] {magoo} ty

[12:01] {nemo} good luck Mags

[12:03] {Threei}  come on DNDN... you know you want it

[12:03] {nemo} just think of how many are looking at that chart?

[12:03] {ese} ahhhhh  haaaaaa.......how dare you kick my butt..........trout ok but ....butt....well i never

[12:03] {nemo} ese!  wtf?

[12:04] {ese} the admin kicked me from the server....well i nver

[12:04] {nemo} oh

[12:05] {Threei}  sure... you used incorrect username, lol

[12:05] {jfjf64} still valid

06[12:05] * nemo slaps ese around a bit with a large copy of UNIX for dummies

[12:05] {Threei}  with half, lot... to me, yes

[12:06] {Threei}  just no market orders

[12:06] {ese} tks i needed that

[12:06] {Threei}  that will get you in at the price you would rather sell, lol

[12:07] {dptl} in .85 stop

[12:10] {Threei}  too long pause after such a break

[12:11] {dptl} stopped -.18

[12:15] {pita} gotta go guys, cu later

[12:15] {Threei}  take care pita

[12:15] {ese} see ya pita

[12:23] {nemo} that's a dramamine stock

[12:23] {Threei}  shakeout...

[12:23] {Threei}  oh well

[12:25] {Threei}  sigh

[12:27] {dptl} usb?

[12:28] {Threei}  don't see anything there

[12:29] {Threei}  FDIC'S BAIR: WE HAVE MOVED BEYOND THE LIQUIDITY CRISIS SEEN LAST YEAR

[12:30] {dptl} hmm .15 .25 wasn't that consolidation? 

[12:31] {Threei}  I don't see it giving anything worthy

[12:33] {Threei}  (MX) MEXICAN HEALTH MIN: DEATH TOLL FROM SWINE FLU IS UP TO 149 PEOPLE

[12:34] {jfjf64} wfc sellin

[12:34] {dino} titn to flat mkt drop

[12:35] {dino} forr

[12:37] {Threei}  GILD interestingly strenghtening

[12:42] {chinggis} FAZ going for 9?

[12:47] {dino} ilmn stopped -.32

[12:49] {jfjf64} nice to get losses out of way      

[12:49] {Threei}  can't tell really on FAZ

[12:49] {Threei}  things just slow

[12:50] {chinggis} ok ty

[12:53] {Threei}  (MX) WITNESSES SAY BUILDINGS SHAKE FROM POSSIBLE EARTHQUAKE IN MEXICO CITY

[12:53] {Threei}  ummm

[12:53] {Threei}  someone up there decided to eliminate Mexico altogether?

[12:56] {vinod} just my 2 cent--SRS is flying

[12:59] {dino} ctcm sm l .25

[13:01] {Threei}  TREASURY'S $40B 2-YEAR NOTE AUCTION BID-TO-COVER RATIO: 2.72 V 2.71 PRIOR AND 2.42 AVE OVER LAST 10 AUCTIONS

[13:07] {Threei}  Mondays are often hard to findsomething tradable, but this slow - it's rare

[13:07] {nemo} May starting early

[13:07] {Threei}  I don't know if standard "slow summer" will hold this year

[13:08] {Threei}  certainly didn't last summer

[13:08] {Threei}  it was the most active I've ever seen

[13:08] {nemo} Thinking that myself

[13:08] {Threei}  august, traditionally the most dead month, was unbelievably active and readable

[13:11] {Threei}  I'd think it's a pure swine flu reaction today

[13:12] {Threei}  it kind of interrupted the normal flow of events by this rapid over the weekend develoment

[13:12] {Threei}  market was in a process of setting up the trap

[13:12] {Threei}  climb up into stress test results, drop like stone after positive resluts are announced - that was the idea, IMO

[13:13] {Threei}  suddenly this swine thingy comes along and injects whole new factor to account for

[13:13] {Threei}  travel and ailine names get killed, biotechs get lifted

[13:14] {dino} ccl sm l .01

[13:14] {Threei}  in other words, sectors that were not in focus of attention at all suddenly jumped in play

[13:14] {Threei}  syphoned money and attention

[13:18] {jfjf64} said very nicely vad

[13:18] {nemo} Vad doesn't do "nice"

[13:19] {jfjf64} im a newbie here    

[13:19] {nemo} Yeah, smart to suck-up to the boss

[13:20] {Threei}  magoo's real boss

[13:20] {nemo} that's scary

[13:20] {nemo} Yeah...let's talk about Magoo, he's not here to defend himself

[13:24] {ese} signing off.....see you all tomorow....

[13:25] {nemo} nice day ese

[13:25] {Threei}  take care ese

[13:25] {ese} see ya nemo vad

[13:25] {dino}  r4mbs

[13:26] {dino} rmbs

[13:29] {Threei}  starting to see FAS entry

[13:30] {Threei}  see = seek

[13:30] {dino} ccl stopped

[13:31] {dino} -.32

[13:33] {Threei}  want to see it pulling back off .90

[13:33] {Threei}  then either making double bottom closer to .80

[13:34] {Threei}  or holding above .85 and breaking .90

[13:34] {Threei}  IRS REPORTEDLY PREPARING TO INVESTIGATE OTHER OFFSHORE BANKS BESIDES UBS FOR HELPING CUSTOMERS EVADE TAXES

[13:34] {Threei}  held .85 so far

[13:35] {Threei}  .90 break long for scalp if holding above .85

[13:35] {dptl} in

[13:36] {Threei}  RMBS

[13:36] {Threei}  REPORTEDLY ANTI-TRUST CASE AGAINST MANUFACTURERS IS BEING ALLOWED TO GO FORWARD

[13:41] {dptl} out ty

[13:41] {Threei}  pesky scalper

[13:43] {Threei}  oh wait... I called it as a scalp

[13:43] {Threei}  {--- pesky caller

[13:43] {dptl} there :)

[13:43] {Threei}  lol

[13:43] {nemo} so, is it a scalp, or a daytrade?

[13:44] {Threei}  UN OFFICIAL: SWINE FLU DOES NOT APPEAR TO BE THREATENING FOOD CHAIN; LIMITED TO HUMANS

[13:44] {nemo} glad the animals will survive

[13:44] {larisa} lol

[13:44] {Threei}  that's good I assume... even if we all extinct, food will still be safe

[13:44] {nemo} Then we become worm or buzzard food

[13:44] {Threei}  out FAS

[13:44] {Threei}  .98

[13:44] {fernp} out here 2:1 

[13:45] {fernp} ty Vad

[13:45] {Threei}  sure

[13:45] {Threei}  chicken feed today

[13:45] {Threei}  but whatever... there is no bird flu right now

[13:49] {nemo} Any thoughts if Fas Holds here?

[13:50] {Threei}  feels to me like going lower

[13:50] {nemo} the indexes are't helping, that's for sure

[13:52] {Threei} Long Setup:  FAZ  .90

[13:52] {Threei}  stop under .85

[13:54] {nemo} scalp I assume?

[13:54] {nemo} nevermind

[13:54] {Threei}  invalidated... let's wait for now

[13:55] {Threei}  want ti to resstablish the range

[13:55] {nemo} or, creating a longer double bottom in fas?

[13:56] {Threei}  nah... FAS should break down

[13:57] {nemo} look at the volumes, or lack thereof...

[13:59] {Threei}  don't know about this setup... kind of not here nor there

[13:59] {nemo} fas or faz?

[13:59] {Threei}  lol

[13:59] {Threei}  both

[14:00] {nemo} definite maybe, huh?  although, there was another scalp in FAS

[14:00] {Threei}  after 4 tests of the bottom, no way I'd bet on that

[14:01] {nemo} no, but there seem to be cycles, and we are coming out of the lunch period and it's been downtrending since 11:00

[14:04] {nemo} Will the sage sith lord Vad be right again?

[14:04] {Threei}  is there any names I haven't been called yet today?

[14:04] {Threei}  is = are

[14:04] {nemo} You want me to start?

[14:04] {Threei}  I guess

[14:04] {Threei}  umm

[14:04] {Threei}  no

[14:14] {nemo} quite a set of scalps fas and faz have been giving

[14:14] {Threei}  SEC REMARKS THAT 50 INVESTIGATIONS ARE GOING WITH REGARDS TO CREDIT DEFAULT SWAPS

[14:14] {Threei}  {ICE CME ISE}

[14:15] {Threei}  seesaw between .80 and .90 on both

[14:15] {nemo} yes

[14:17] {Threei}  US TRADE REP: PORK FROM CERTAIN US STATES HAS BEEN BANNED IN CERTAIN COUNTRIES

[14:17] {Threei}  USDA: THERE ARE NO REPORTS OF SWINE FLU AMONG PIGS IN THE US

[14:18] {Threei}  American pigs - the healthiest pigs in the world!

[14:22] {dptl} gt?

[14:23] {Threei}  US SENATOR GRASSLEY: NOT MUCH CHANCE FOR APPROVAL OF ADDITONAL TARP FUNDS THROUGH AUGUST

[14:24] {Threei}  but after august is fine?

[14:28] {nemo} This day reminds me of a Neil Young comment..."It starts off real slow, and then fizzles out all together."

[14:29] {Threei}  lol

[14:32] {Threei}  FAS... pullback under .90 will be worth long entry

[14:36] {dino}  rcl sm l .15

[14:37] {dino} intc sm l .30

[14:45] {Threei}  (US) OCC'S DUGAN: TRANSITIONING THRIFT CHARTER TO A NATIONAL BAK CHARTER IS DOABLE

[14:45] {Threei}  - There is strong political will to cut the number of agencies overseeing banks.{XLF}

[14:50] {Threei}  anyone took FAS on pullback under .90?

[14:57] {Threei}  Bank of New York Company Inc CEO: Believes stress tests may show average bank is healthier than majority of people think

[15:01] {Threei}  (US) White House Press Sec Gibbs: Reiteratest that the govt has no desire to run the auto companies

[15:02] {Threei}  {auto companies} yeah, thank you, we can die on our own just as well

[15:04] {jfjf64} is fas wowth  gettin involved with  on  this  bounce   boss

[15:04] {Threei}  watching

[15:04] {Threei}  not sure yet

[15:04] {jfjf64} k

[15:07] {Threei}  probably off .70

[15:07] {Threei}  one more quick leg down, and scalp should be in order

[15:07] {jfjf64} yeah

[15:09] {dptl} .75?

[15:09] {dptl} in.76

[15:10] {dptl} stop under .70?

[15:10] {Threei}  there is not much technical to this play

[15:10] {Threei}  can't tell really

[15:12] {Threei}  should move over 80 now for exit

[15:17] {dptl} hmm

[15:17] {Threei}  now

[15:17] {Threei}  het out

[15:17] {Threei}  get too

[15:17] {dptl} out.84 ty

[15:18] {jfjf64} out.90  ty

[15:18] {Threei}  :)

[15:18] {Threei}  pure "feeling" play

[15:18] {vint} out .87

[15:18] {Threei}  not much on chart to indicate precise entry

[15:18] {jfjf64} ya feelin  gd

[15:20] {dino} blud l .35

[15:27] {Threei}  FAS again

[15:27] {Threei}  first strength

[15:28] {Threei}  in .70

[15:28] {dptl} .71 in 

[15:28] {dptl} stop .65?

[15:28] {Threei}  yeah

[15:30] {Threei}  (US) House to vote on credit card reform legislation on Thursday

[15:31] {Threei}  - NYSE volume 1B shares, about 15% below its three-month average; decliners lead advancers by 3.3:1.

[15:31] {Threei}  - NASDAQ volume 1.83B shares, about 1% below its three-month average; decliners lead advancers by 1.8:1.

[15:32] {dptl} out ty

[15:32] {Threei}  out .77

[15:32] {dptl} .77

[15:33] {Threei}  TARP watchdog Warren: Fed white paper on stress tests gave little detail on the tests mechanics

[15:33] {Threei}  Market data center Your headlines are not in real-time mode Go to live Close

[15:33] {Threei}  Show messages

[15:33] {Threei}  Hide messages

[15:33] {Threei}  sheesh

[15:35] {_ryanagler} what do you think of scalp of gs at 200ma?

[15:35] {Threei}  sorry, having quote issues

[15:35] {Threei}  can't tell

[15:38] {Threei}  urges that stress tests be tough and transparent, otherwise tests will be "useless";

[15:38] {_ryanagler} no prob.  on 10min gs chart 200ma is also 121 even number.  might try it if hits there

[15:39] {Threei}  back...

[15:39] {Threei}  hmm

[15:39] {Threei}  not sure, feels like GS wioll s;ice through 121

[15:42] {Threei}  crap

[15:42] {Threei}  missed FAS dive to ./60 with this connection drop

[15:45] {Threei}  grrr... anyone got it?

[15:45] {jfjf64} nope  stopped at .63

[15:45] {jfjf64} grrr

[15:47] {dino} i'll crack you up, last week on monday it snowed here, today it's 97 degrees

[15:48] {Threei}  lol

[15:48] {Threei}  sliiightly positive day... nothing to write home about

[15:49] {Threei}  and whole lot of issues with quotes, connection, spam e-mails with ugly-looking would-be-brides

[15:54] {Threei}  okay guys, strange day

[15:54] {Threei}  not bad day, just strange

[15:54] {Threei}  have a good evening, see you tomorrow

[15:55] {Threei}  hopefully swines stop sneezing

[15:55] {larisa} later :)

[15:55] {Threei}  and we can get back to business as usual

[15:55] {dptl} have a good evening all

[15:55] {vint} good evening all

[15:55] {_ryanagler} thanks, take care

[15:55] {jfjf64} good night all

[15:56] {fernp} good day here. Good evening all, see u tomorrow

Apr 24 2009

That was a very volatile day, what with "stress test" news et all. Made out OK by staying away during hectic jumps up and down and making our main trades in more readble times. WFC, JNPR, QLD etc worked fine for us on a long side.

Session Time: Fri Apr 24 00:00:00 2009

[08:13] {ese} gotta like them little snipits of advice when you log in "Rally it is - against all predictions"....good morning

[08:13] {nemo} Ese :)

[08:14] {ese} morning nemo

[08:15] {ese} going to get my coffee....and my hypodermic needle....just inject it right in

[08:15] {nemo} cook it down, get the straight caffeine

[08:17] {Threei}  good morning

[08:17] {Threei}  told ya... rally

[08:18] {Threei}  and was so sure of it that took WFC and BAC overnight

[08:19] {Threei}  nice to start the day with +.52 and +.32

[08:19] {Threei}  but I won't even ask "can I go home" qwith nemo around... I know the answer

[08:21] {i2romantis} morning all

[08:22] {Threei}  i2r :)

[08:22] {i2romantis} vad :)

[08:22] {Threei}  man, how could you miss that Bahamas event

[08:22] {ese} whoaa thats confidence vad

[08:22] {Threei}  total blast

[08:23] {i2romantis} you tell me :)

[08:23] {i2romantis} i'm sure it was

[08:23] {Threei}  next year is in preparation... Greeport

[08:23] {i2romantis} diff location every year?

[08:24] {Threei}  ese... sometimes conviction trumps discipline :)

[08:24] {ese} wheres greeport

[08:24] {Threei}  sorry, Freeport

[08:24] {Threei}  {-- fat fingers

[08:24] {i2romantis} ok

[08:24] {Threei}  Bahamas too... different island

[08:25] {Threei}  could change of course, a lot of time still

[08:27] {Threei}  lol... spam e-mail says:

[08:28] {Threei}  Don't miss your chance to look fabulous today! signed: Deborah

[08:28] {Threei}  dear Deborah... you are 25 years late

[08:29] {i2romantis} lol

[08:30] {Threei}  MAR DURABLE GOODS ORDERS: -0.8% V -1.5%E; DURABLES EX-TRANSORTATION: -0.6% V -1.2%E

[08:31] {ese} things are lookin up a little

[08:44] {cosmo} JNPR, for instance

[08:44] {ese} yup 1.34 so far this morning

[08:45] {cosmo} 20.80 spike high so far

[08:46] {ese} tha should break out o new highs today cos

[08:47] {cosmo} 'should'

[08:49] {cosmo} RVBD

[08:49] {cosmo} ... same industry

[08:50] {cosmo} 16.50 pre mkt high

[08:51] {nemo}  It's a little scary everything is looking so "up" this morning

[08:54] {ese} Ford being upgrade at BOA....my goodness ..will miracles never cease

[08:56] {Threei}  F... mama

[08:57] {cosmo} i can't stand that letter

[08:58] {ese} cos what does RVBD do?

[08:58] {cosmo} WAN

[08:58] {cosmo} like JNPR

[08:58] {cosmo} i think

[08:58] {ese} hmmm

[08:59] {pita} greetings

[08:59] {Threei}  pita :)

[08:59] {nemo} Is this a "Pick a stock and go long" day?

[08:59] {dptl} good morning all

[08:59] {Threei}  dp :)

[08:59] {ese} dp, pita

[08:59] {Threei}  nemo... yes, with one correction:

[09:00] {Threei}  in today's temrs, what we used to call "a day" became "an hour"

[09:00] {ese} vad have you seen the dry bulk index lately...up?dn?

[09:00] {nemo} premature stockulation

[09:01] {Threei}  for some reason they don't put it in headlines lately, ese

[09:02] {ese} hmmmm wonder why

[09:03] {Threei}  someone forgot I'd guess

[09:03] {ese} was on a dn slide there for a while 20 or 30 sessions dn....should be turning at some point and so DRYS and the like should follow

[09:03] {Threei}  never exp[lain by conspiracy what can be explained by stupidity

[09:04] {cosmo} ah ... the conspiracy of stupidity...

[09:04] {Threei}  or... you guessed it

[09:04] {Threei}  stupidity of consipracy

[09:05] {cosmo} that still needs to be demonstrated

[09:05] {ese} gotta stop loging on so early boys....your loosin it

[09:06] {Threei}  I have distinctive advantage here ese

[09:06] {Threei}  not much to lose

[09:06] {ese} spectacular advantage

[09:06] {Threei}  so just never log out

[09:06] {cosmo} it helps focus

[09:10] {fernp} Hello everybody

[09:12] {Threei}  gern :)

[09:12] {Threei}  fern, sorry

[09:12] {Threei}  second time I hit G instead of F today

[09:13] {Threei}  so if I alert a trade on G, you know I mean Ford

[09:13] {fernp} lol

[09:13] {pita} yeah, right...lol

[09:14] {larisa} gm :)

[09:18] {Threei}  larisa :)

[09:18] {dino} gm all

[09:19] {nemo} Dino

[09:19] {Threei}  dino :)

[09:19] {nemo} no mags..mmmmmhhhhh????

[09:19] {dino} he's here

[09:20] {nemo} how's his ankle?

[09:20] {dino} crutches

[09:20] {Threei}  F

[09:20] {Threei}  CFO: EXPECT A $3.4B GAIN IN Q2 ON ITS DEBT RESTRUCTURING - CONF CALL COMMENTS

[09:21] {nemo} What's nue doing this morning, it got whacked hard yesterday?

[09:22] {elepet} good morning

[09:22] {Threei}  elepet :)

[09:22] {elepet} palm moving up again?

[09:23] {Threei}  not much so far

[09:23] {Threei}  yesterday's selling while market was strong is not looking encouraging for it

[09:24] {magoo} tctrjrrfjcrj

[09:24] {Threei}  lkgsnsoit

[09:25] {ese} don't you guys mean  ouiiulkjhghl  ?

[09:25] {Threei}  I didn't... can't say for magoo

[09:28] {pita} good day yesterday for JNPR

[09:28] {ese} could be equally as good today

[09:29] {pita} si

[09:30] {Threei}  BAC, if dives into .80 - .85 will be a long entry

[09:33] {Threei}  changes to breakout trade here

[09:33] {Threei} Long Setup:  BAC  9.16

[09:33] {Threei}  if stays above 9.05

[09:34] {Threei}  WFC

[09:34] {Threei}  half lot long .65 break

[09:34] {Threei}  if stays above .50

[09:34] {magoo} futes crushed

[09:35] {magoo} axp

[09:35] {dptl} in wfc

[09:35] {magoo} amzn vad

[09:36] {Threei}  BAC, becomes a bounce play again

[09:36] {Threei}  9 break if holding .95

[09:37] {magoo} in 

[09:37] {Threei}  WFC 1:1

[09:37] {chinggis} in BAC

[09:38] {Threei}  1:2, WFC

[09:38] {Threei}  out +.29

[09:39] {magoo} out .91 WFC TY vad

[09:39] {Threei}  hurry up BAC

[09:40] {magoo} AXP strong

[09:40] {Threei}  hard to tell whether BAC stop should be kept under .95 or under .90

[09:41] {Threei}  our BAC -.06

[09:41] {Threei}  whatever

[09:41] {Threei}  if it's a shakeout, so be it

[09:41] {dptl} wfc +.15 and stopped bac

[09:41] {nemo} stopped bac

[09:41] {nemo} net net on the two

[09:42] {Threei}  F

[09:42] {Threei}  CEO: ON TRACK TO MEET OR EXCEED TARGET OF BREAKING EVEN BY 2011 - CONF CALL

[09:48] {magoo} BLUD WOW VAD

[09:48] {Threei}  04/24/09 09:29am

[09:48] {Threei}  [BLUD] Immucor, Inc. Receives subpoena from US Department of Justice

[09:48] {Threei}  - DOJ requesting documents for the period beginning September 1, 2000 through the present, pertaining to an investigation of possible violations of the federal criminal antitrust laws in the blood reagents industry.

[09:48] {Threei}  - Immucor intends to fully cooperate with the investigation

[09:49] {Threei}  bac

[09:49] {Threei}  sorry

[09:49] {jfjf64} mornin all

[09:50] {Threei}  jf :)

[09:50] {Threei}  F

[09:50] {dino} sm risky l blud .25 wide

[09:50] {wulff} you still in WFC?

[09:50] {Threei}  wroth a try near .20

[09:50] {Threei}  [09:38] {Threei} 1:2, WFC

[09:50] {Threei}  [09:38] {Threei} out +.29

[09:50] {dino} way early

[09:51] {Threei}  stop under .15 who took it

[09:51] {jfjf64} .20 ford long

[09:51] {dino} ok

[09:53] {Threei}  sell half jf

[09:54] {Threei}  and trail stop to under .20

[09:54] {jfjf64} ty

[09:54] {Threei}  unless you just went for a scalp, then you have over 1:1 and need no comments by me

[09:55] {jfjf64} scalpie  ty

[09:55] {Threei}  watching JNPR

06[09:56] * nemo slaps jfjf64 around a bit with a large copy of "How to Scalp Any Market and Profit consistently"

[09:56] {pita} bounce area finnies?

[09:56] {jfjf64} lol

[09:56] {nemo} NDX looks iffy

[09:56] {Threei}  gotta look at particular names pita

[09:56] {Threei}  there are disconnects in this sector lately

[09:57] {jfjf64} jnpr??

[09:58] {Threei}  JNPR, .50 break half lot

[09:58] {Threei}  if holding above .35

[10:00] {Threei}  MAR US NEW HOME SALES: 356K V 337KE (% M/M)

[10:00] {jfjf64} still valid jnpr?

[10:01] {Threei}  not unless goes through new consolidation, at least 2-3 minutes

[10:01] {jfjf64} ty

[10:01] {Threei}  - Median sales price: 201,400$ v $200,900 m/m

[10:02] {Threei}  New Home months of supply: 10.7 months v 11.2 months m/m

[10:02] {Threei}  - Prior New Home Sales revised from 337K to 358K

[10:02] {Threei}  so I guess housing is fixed

[10:02] {nemo} fas just jumped that news seems to have moved it

[10:02] {Threei}  and we were told that was major problem

[10:05] {nemo} nue bounced nicely after yesterday's smackdown

[10:09] {magoo} AMZN

[10:09] {magoo} shit

[10:10] {nemo} guess the recession is over

[10:13] {Threei}  SEC TO HOLD ROUNDTABLE ON MAY 5TH TO DISCUSS CIRCUIT BREAKERS AND SHORT SALES

[10:13] {Threei}  SEC seems to be stuck in 2007

[10:13] {Threei}  it all is so irrelevant

[10:13] {nemo} not politically, unfortunately

[10:15] {Threei}  F CEO: DOES NOT EXPECT TO BE HURT BY GM OR CHRYSLER BANKRUPTCIES - CONF CALL Q&A

[10:15] {Threei} Long Setup:  WFC  .50 break

[10:16] {Threei}  stop is obvious, right?

[10:16] {magoo} in

[10:18] {jfjf64} were is stop

[10:18] {Threei}  under .40

[10:18] {nemo} stoppedd

[10:18] {dptl} stopped 

[10:18] {fernp} stopped

[10:20] {jfjf64} yikes

[10:20] {Threei}  US AND CHINA TO SIGN CONTRACTS WORTH BILLIONS OF DOLLARS FOR US GOODS TODAY

[10:20] {nemo} keep your stops...

[10:20] {nemo} wfc closing opening gap

[10:25] {dino} isrg

[10:25] {Threei} Long Setup:  JNPR  .62

[10:25] {Threei}  argh

[10:25] {Threei}  too fast

[10:25] {Threei}  let it pull back

[10:26] {Threei}  first strength from here

[10:26] {Threei}  in .48

[10:26] {Threei}  stop under .40

[10:26] {dptl} in .50

[10:26] {magoo} in .53

[10:26] {nemo} missed

[10:28] {Threei}  half out

[10:28] {Threei}  .63

[10:28] {Threei}  scalpers be happy

[10:29] {Threei}  stop to .45

[10:29] {fernp} ty Vad

[10:29] {Threei}  :)

[10:30] {Threei}  they publish something about stress tests today... guidelines or something of that kind

[10:32] {Threei}  1/4 more out

[10:32] {Threei}  .70

[10:32] {Threei}  stop to .49

[10:33] {chinggis} out .68 ty

[10:33] {Threei}  run little Juniper run

[10:33] {Threei}  welcome chinggis

[10:33] {magoo} out .77 TY boss

[10:33] {Threei}  offering last part .82

[10:33] {Threei}  {JNPR} you greedy bastard

[10:34] {nemo} boot vad

[10:34] {Threei}  {JNPR} I five and I give and I give... and it's never enough for ya

[10:34] {dptl} out jnpr .73 ty

[10:34] {Threei}  welcome guys

[10:38] {vint} hi Vad-what is on watch for this morning? usual suspects?

[10:39] {vint} sorry, joined late

[10:39] {Threei}  mostly yes, vint

[10:39] {vint} thanks

[10:40] {Threei}  come on JNPR

[10:40] {Threei}  relieve me of last 1/4

[10:43] {Threei}  ah come on... 1 cent shy?

[10:43] {nemo} greedy...

[10:45] {Threei}  market lost will to live

[10:46] {vint} Friday syndrome?

[10:46] {Threei}  yeah

[10:46] {Threei}  plus tose stress test details published at 2

[10:46] {Threei}  plus nearing resistance from a few days ago

[10:47] {Threei}  so gotta decide what to do, break out and run or wilt and die

[10:47] {vint} looks like last hr could be interesting

[10:47] {vint} i mean after lunch

[10:47] {Threei}  wide consensus in investing community is pullback is coming

[10:47] {magoo} so..no pullback

[10:47] {Threei}  you know how I feel about wide consensuses

[10:48] {magoo} :)

[10:48] {magoo} stole your punchline

[10:48] {Threei}  if you want surefire way to be mistaken, side with "widely acknowledged"...

[10:49] {Threei}  (that's why I don't believe in gravity btw)

[10:49] {vint} :)

[10:49] {wulff} ealier you said .50 break on JNPR that did not work.

[10:49] {Threei}  it never set up

[10:49] {wulff} it hit .50 but did not break it, so 

[10:50] {Threei}  it got invalidated by dropping under support

[10:50] {wulff} so I would have bought it at  say .52

[10:50] {Threei}  no... that's not how it works

[10:51] {wulff} it traded at .50 so I bought it, then took a stop

[10:51] {Threei}  gimme a sec, I'll get to it

[10:51] {wulff} Ty

[10:51] {Threei}  ok, out last portion .76

[10:51] {Threei}  {JNPR} there... happy now? leave me alone now, you want just one thing from me

[10:52] {Threei}  original setup was .50 break if holding above .35

[10:52] {Threei}  .50 never got broken, JNPR went under .35,

[10:52] {Threei}  setup got invalidated.

[10:52] {Threei}  Next event was:

[10:52] {Threei}  it jumped up and broke .50

[10:52] {jfjf64} next  

[10:52] {Threei}  no entry in such cases,

[10:53] {Threei}  because:

[10:53] {jfjf64} correct

[10:53] {Threei}  1. support got broken, you have way too wide range to buy a break

[10:53] {Threei}  2. it went into resistance b=vertically

[10:53] {Threei}  and vertical move leads to exhaustion

[10:53] {Threei}  we buy breaks after consolidations, not after a sharp spike into resistance

[10:54] {wulff} but what would I have bought it at the first time

[10:54] {wulff} if it broke

[10:54] {Threei}  it never set up first time

[10:54] {wulff} if...

[10:54] {Threei}  if it broke, you'de have bought it just above .50

[10:54] {wulff} OK

[10:54] {Threei}  with stop under .35

[10:55] {wulff} tricky when it trades to resistance number and falls

[10:55] {nemo} c'mon Juniper give yourself over to the Vader

[10:55] {Threei}  nemo... wake up

[10:55] {Threei}  we already settled our differencies

[10:55] {nemo} oh, shut off the speakers

[10:55] {Threei}  [10:51] {Threei} ok, out last portion .76

[10:55] {Threei}  [10:51] {Threei} {JNPR} there... happy now? leave me alone now, you want just one thing from me

[10:55] {jfjf64} i never got in trade   what  bout  me

[10:55] {jfjf64} lol

[10:56] {dptl} wfc?

[10:56] {nemo} what about you jf?  You think this is about you?  Want to be the center of attention?  :) Too much caffeine...sorry

[10:56] {nemo} yea WFC had that higher low...bummer

[10:56] {dptl} .50?

[10:57] {Threei}  WFC was nice setup earlier... missed while talking back and forth with JNPR

[10:57] {magoo} arca ooffline

[10:57] {magoo} quote issues

[10:57] {Threei}  not sure here

[10:57] {nemo} oh shit and I don't have INET or Island

[10:57] {jfjf64} ahhhhh

[10:57] {dptl} earlier you mean .15-.30 range?

[10:58] {Threei}  yeah

[10:58] {dptl} ye i see it

[10:59] {dptl} gt?

[10:59] {nemo} nice support @ .20 after that brake through the Bollingers

[10:59] {dptl} gt?

[11:00] {Threei}  don't know

[11:00] {Threei}  kind of marginal play

[11:01] {dptl} ok

[11:04] {laserdave} all laser traders

[11:04] {laserdave} please use inet to place orders for now

[11:04] {laserdave} there are arca issues

[11:07] {dptl} pull back to .45-.50 wfc ...may be?

[11:07] {vint} CAT-  buy on this pull back?

[11:07] {Threei}  I'd really prefer .40

[11:07] {nemo} great, I guess no trading for me

[11:08] {Threei}  CAT... this thing is famous for hars pullbacks

[11:08] {Threei}  I'd feel safer with entry around 33

[11:08] {vint} got it thx

[11:11] {Threei}  G7 OFFICIAL: SEES NO REASON TO CHANGE COMMUNIQUE ON CURRENCIES; WILL SEND A MESSAGE REGARDING NEGATIVE ECONOMIC SITUATION; NOTING NOT ALL NEWS IS BAD

[11:11] {Threei}  - Remarks that there are no discussions on new topics at the moment

[11:18] {Threei}  CONNECTICUT TREASURER REITERATES CALL FOR CEO LEWIS' RESIGNATION

[11:18] {Threei}  NASDAQ is on the verge of break on daily

[11:18] {wulff} does seeing JNPR bother you now?

[11:19] {Threei}  QLD

[11:19] {Threei}  half lot long on pullback

[11:19] {Threei}  .72 , stop under .60

[11:19] {Threei}  no wulff

[11:19] {Threei}  I did OK on it

[11:19] {Threei}  I don't expect myself to buy exact bottom and sell exact top

[11:21] {Threei}  changing plan to aggressive entry QLD

[11:21] {Threei}  .66

[11:21] {Threei}  if holding above .60

[11:21] {Threei}  in

[11:22] {dptl} jeez got .68

[11:22] {wulff} .64

[11:22] {vint} in .65

[11:23] {dptl} lol worst one

[11:24] {Threei}  really... you should be ashamed of yourself

[11:24] {dptl} yeah blushing

[11:24] {Threei}  and wulff... don't sell to dp at .68 what you bought at .64 {G}

[11:24] {wulff} try not too

[11:26] {magoo} in btw

[11:26] {ese} ugh....vad how could you destroy your myth.....man I always thought that your bought the exact botom and sold the exact top.......ugggghhhhhh.......i'm destroyed

[11:27] {Threei}  sorry ese

[11:27] {Threei}  in fact I do

[11:27] {magoo} are we in aggress to catch breakout .80 +?

[11:27] {Threei}  I just don't tell anyone for tax purposes

[11:27] {Threei}  half out

[11:27] {ese} my life and trading is over.....what shall i ever do??

[11:27] {Threei}  .77

[11:27] {Threei}  scalpers are slapers

[11:27] {Threei}  scalpers

[11:27] {Threei}  sigh... I can't even type that twice in a row

[11:28] {ese} your an engineer.... a math guy....you type the numbers better

[11:28] {Threei}  not really... for that I'd have to know how to count

[11:29] {dptl} out .78 ty

[11:29] {Threei}  and I am good within fingers on one hand

[11:29] {magoo} OUT .85 boss

[11:29] {ese} uggghhhh once again.......my opinion of you as exalted trader is destroyed....ugghhhh

[11:29] {magoo} TY 

[11:29] {Threei}  out in full .85

[11:30] {nemo} Hey ese...get a grip!

[11:30] {vint} out .85

[11:30] {wulff} out .89

06[11:30] * magoo slaps wulff around a bit with a large trout

[11:30] {Threei}  cool beans

[11:30] {dptl} lol......ok even on exit still worst one

[11:30] {ese} i'm finished nemo....finished....

[11:30] {Threei}  you know what QLD is btw, right?

[11:31] {pita} good hunting - cu later

[11:31] {magoo} no clue

[11:31] {Threei}  lol mags

[11:31] {Threei}  take care pita

[11:31] {magoo} pita:)

[11:31] {Threei}  it's 2x NASDAQ 1000

[11:31] {dptl} i was afraid of this ??

[11:31] {Threei}  100

06[11:31] * nemo slaps ese around a bit with a large prescription of lithium

[11:31] {Threei}  see, told you I can't count

[11:31] {nemo} FAS

[11:31] {Threei}  so, the idea of the trade, briefly:

[11:31] {ese} ahhhhhh tks....i needed that

[11:31] {Threei}  I wanted to play NADAQ breakout,

[11:32] {Threei}  I didn't see particular stock to follow

[11:32] {Threei}  and didn't want to tie myself to whims of particular stock,

[11:32] {Threei}  and QQQQ is a bit too thick and immobile

[11:32] {nemo} bout time for WFC to take the elevator down

[11:32] {Threei}  so QLD is better fit

[11:32] {Threei}  now,

[11:32] {Threei}  look at it's intraday chart

[11:32] {Threei}  asit makes new highs,

[11:33] {Threei}  would you call ijt breakout stock or pullback stock?

[11:33] {nemo} break out on the JBE

[11:33] {Threei}  most of its movements were very effective off pullbacks

[11:33] {Threei}  breaks were so so

[11:33] {Threei}  so... as it touched .80, I waited for pullback

[11:34] {Threei}  .60 was the low of the range

[11:34] {Threei}  entry in .64-.68 range was as perfect preparation for breakout as it gets

[11:34] {Threei}  there... a little theory

[11:34] {Threei}  be back in 20

[11:35] {vint} was it a brakout from yesterday high?

[11:35] {vint} i mean QLD 

[11:35] {Threei}  yes vint

[11:35] {Threei}  WHITE HOUSE CHIEF OF STAFF EMANUEL: OBSERVING SIGNS OF STABILIZATION IN THE US ECONOMY; CONFIRMS BANKS TO BE NOTIFIED OF RESULTS TODAY

[11:35] {vint} thx

[11:35] {Threei}  [11:18] {Threei} NASDAQ is on the verge of break on daily

[11:35] {Threei}  and next line was QLD call

[11:36] {vint} got it..short memory span nowadays

[11:37] {nemo} Folks on LASER when you download the latest version Inet/Island has been changed to Nasdaq in the drop down routing menu

[11:38] {magoo} the whole room should short amzn..i gonna take it long soon

[11:38] {magoo} I CANT TAKE IT

[11:38] {magoo} that will halt it

[11:40] {magoo} wfc trying 21 vad..has not been over 21 in awhile

[11:40] {magoo} important level

[11:42] {magoo} in out .12

[11:43] {wulff} you know the hardest stops too keep are the ones that come in the first minute of purchase

[11:43] {magoo} 21-21.12

[11:43] {magoo} hey..thats a rush album

[11:43] {wulff} being that I ma sometimes of weak disposition

[11:43] {nemo} I was just going to say that

[11:43] {wulff} am

[11:43] {wulff} but acceptance is acceptance i guess

[11:43] {nemo} Yeah, Syrinx

[11:46] {nemo} wfc probably goes to .45 anyway

[11:47] {wulff} Pat my own back...but I bought a half lot of WFC at 20.10 on the pullback

[11:48] {nemo} you should cash out and go home for the day

[11:48] {magoo} careful

[11:48] {magoo} id offer .31

[11:48] {wulff} am home

[11:48] {wulff} problem is I want 30

[11:48] {nemo} figure of speech...go back to your den

[11:49] {vint} CAT for short? looking at daily..

[11:50] {wulff} chart looks like WFC

[11:59] {vinod} good afternoon to all

[11:59] {vinod} are we going to hit 9000 today?

[12:00] {dino} sure

[12:01] {vinod} look like you gus made a lot today as usuall

[12:02] {larisa} vinod, flattery will get you everywhere :)

[12:03] {vinod} someday i will be a real day trader?

[12:03] {nemo} anybody trouted vinod yet?

[12:04] {vinod} nemo please us for lunch at legal seafood my treat today

[12:05] {nemo} excuse me?

[12:05] {larisa} lol

[12:05] {nemo} I'm in Maine...which one anyway...Kendall Square?

[12:05] {nemo} or the one in the Pru?

[12:06] {vinod} in pru

06[12:06] * magoo slaps vinod around a bit with a large trout

[12:06] {nemo} hehehehehe

[12:07] {Threei}  back

[12:07] {magoo} u were out?

06[12:08] * Threei slaps magoo around a bit with a large quote: "[11:34] {Threei} be back in 20"

[12:10] {Threei}  remember we once started list of people in whome Obama has 100% considence?

[12:10] {Threei}  WHITE HOUSE CHIEF OF STAFF EMANUEL: OBAMA HAS '100% CONFIDENCE' IN FED CHAIRMAN BERNANKE

[12:10] {Threei}  - note: this is the first explicit statement of support for Bernanke from the Obama Administration

[12:11] {Threei}  US HOUSE REPRESENTATIVES REPORTEDLY SEEKING DOCUMENTS SURROUNDING BOA/MERRILL MERGER

[12:12] {Threei}  (US) HOUSE AND SENATE HAVE REPORTEDLY REACHED A TENTATIVE DEAL ON HEALTHCARE LEGISLATION

[12:12] {dino} it's a giant "he said, she said" political fiasco on everything

[12:12] {Threei}  NO KIDDING

[12:12] {Threei}  oops

[12:13] {Threei}  and... as much as I can appreciate the sheer scale of pressure Lewis must have felt himself under if Paulson and Co did what he says they did,

[12:13] {Threei}  if he caved in, he is as guilty as they are

[12:14] {nemo} yeah, not like he didn't have enough money for 10 retirements

[12:15] {dino} feels like high school all over

[12:16] {Threei}  yeah, and he had responsibility to much more than to paulson

[12:17] {Threei}  CHRYSLER MAY REACH AGREMENT WITH THE CAW SHORTLY - FOX BUSINESS

[12:17] {Threei}  wow... CAW ill give up $19/h?

[12:17] {Threei}  I find it hard to believe

[12:17] {nemo} you can buy a house in detroit for $10k

[12:18] {dptl} jnpr short?

[12:19] {Threei}  let's wait for bounce

[12:19] {Threei}  see where it tops

[12:19] {dptl} ok

[12:20] {Threei}  dropped a bit too sharp into 22

[12:20] {Threei}  can snapback easily'

[12:20] {Threei}  10K, sriously?

[12:20] {Threei}  not that I enetrtain moving

[12:20] {nemo} maybe less

[12:23] {Threei}  I don't think it would have view anywhere near mine though, woluld it?

[12:23] {Threei}  http://realitytrader.com/vad/h.jpg

[12:23] {nemo} No..you'd likely want to bullet proof the walls and put steel shudders on the windows

[12:24] {larisa} lol

[12:25] {wulff} ahhh home sweet home

[12:25] {nemo} Yep...it might be a cave, but it's MY CAVE

[12:29] {dptl} ,90 with 22 stop?

[12:30] {nemo} what dp?

[12:30] {nemo} BAC very strong

[12:30] {dptl} jnpr

[12:30] {nemo} ty

[12:30] {Threei}  not sure

[12:31] {Threei}  CHRYSLER TELLS DEALERS THERE IS NO PENDING BANKRUPTCY - WSJ

[12:31] {Threei}  - Note that on 4/23 the New York Times reported that the US Treasury is said to be preparing a bankruptcy filing for Chrysle

[12:31] {Threei}  GM

[12:31] {Threei}  REPORTEDLY TREASURY PROVIDES CO. WITH $2B IN WORKING CAPITAL

[12:32] {nemo} you thinking short dp?

[12:32] {Threei}  TREASURY ANNOUNCES AN ADDED $569M IN TARP REPAYMENTS FROM FOUR MORE FIRMS

[12:32] {vint} FAS apparantly doing well , given the upcoming stress test results..

[12:33] {Threei}  market went slow, boring and narrow

[12:33] {dptl} was thinking nemo yes

[12:33] {Threei}  much like magoo, only magoo is fat too

[12:33] {wulff} ouch

[12:34] {Threei}  I am not a fan of shorting such market

[12:34] {Threei}  capable of nasty surprizes

[12:34] {nemo} your proposed short or Vad's comment about Magoo's corpulence?

[12:36] {nemo} BAC broke out a bit

[12:36] {nemo} w/fas

[12:37] {vint} FAS was at day's high a moment ago

[12:38] {nemo} no volume again

[12:43] {Threei}  what does it tell us?

[12:43] {nemo} what does what tell us?

[12:43] {dptl} stay in coma

[12:44] {Threei}  sigh... never mind

[12:44] {nemo} FAS at new high or nominal volume?

[12:44] {vint} interestingly,FAS and FAZ almost in same price level

[12:44] {Threei}  yeah, they will eclipse soon again I'd assume

[12:46] {nemo} lack of volume...no commitment beyond money that's been playing all along?

[12:47] {vinod} most of the company lost money but Beats Forecast

[12:47] {Threei}  if it was locked in the same money turning over, we would have price locked in the range

[12:48] {Threei}  I think most of commentators citing lack of volume as a premise for this rally to fizzle out don't get it

[12:48] {Threei}  the only thing it tells us really is:

[12:48] {Threei}  the part of the rally we have seen so far is mostly smart money

[12:49] {Threei}  crowd hasn't joined yet

[12:49] {Threei}  when it does - that's when we are going to see major volume

[12:49] {Threei}  and that is going to take us into exhaustion climatic movement

[12:49] {Threei}  climactic

[12:50] {nemo} going green are you Vad?

[12:50] {wulff} fine by me. I can wait

[12:50] {Threei}  no, just can't type - but that's not news really

[12:51] {dino} capital being evacuated

[12:51] {dino} air space violation

[12:51] {nemo} thought it was your sub-conscious peeking through

[12:51] {Threei}  (US) WHITE HOUSE AND US CAPITOL EVACUATED DUE TO AIR SPACE VIOLATION - FOX BUSINESS NEWS

[12:51] {Threei}  - Pilot of aircraft not responding to attempts to contact him.

[12:51] {wulff} I listen to money show

[12:51] {nemo} cool

[12:51] {wulff} and I can't tell you how many

[12:52] {wulff} people say " am NOT putting any money in this market"

[12:52] {Threei}  well... market is going to climb until they give up and jump in :)

[12:52] {Threei}  what else is new, this is the way these moves have been occuring for ages

[12:53] {dino} not responding because doesn't understand english, (kidding)

[12:54] {wulff} they are just clueless to that

[12:54] {Threei}  Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so.

[12:55] {wulff} isn't "disinclination" kind of a big word for you?

[12:55] {Threei}  (US) WHITE HOUSE AND US CAPITOL REOPENED FOLLOWING AIR SPACE VIOLATION - FOX NEWS

[12:55] {Threei}  not when I copy and paste wulff

[12:55] {Threei}  you have no idea how lenghty words I can copy/paste

[12:55] {wulff} Oh

[12:55] {wulff} funny man

[12:56] {nemo} yeah vicarious learning should be stricken from vocabulary

[12:58] {Threei}  eclipse

[12:58] {vint} right-- is it good or bad?

[13:00] {vint} i guess time will tell..:)

[13:02] {vinod} every one pass street test and got A grade. what next?

[13:02] {vinod} do we rally more?

[13:03] {wulff} I always stressed during tests

[13:04] {Threei}  I'd guess, initial spike, then selloff, vinod

[13:05] {ese} are the results o the stress test out yet

[13:05] {Threei}  no

[13:06] {Threei}  today is not the results themselves

[13:06] {ese} what time are they due out

[13:06] {Threei}  some details on tests

[13:06] {Threei}  2

[13:06] {ese} tks

[13:07] {vinod} lvad-Let you know when you unloaded F around 4.00 I brought them from you still holding

[13:07] {ese} what were the some of those details.....did you post vad....was on the phone

[13:07] {Threei}  not sure I undertaood vinod... but good trade

[13:08] {vinod} last wek if i remember you sold your F share

[13:08] {Threei}  were ese? it's not 2 yet :)

[13:09] {Threei}  yes vinod

[13:09] {ese} ohhhh  i  get it.....sorry ....thought some of the results were out

[13:09] {vinod} i got to check my note

[13:09] {vint} oh, they don't brief u in advance , vad?

[13:09] {vint} k, we will wait until 2

[13:10] {Threei}  if they did, I would be somwhere on Hawaiian beach long ago, enjoying waves and breeze and umbrella drinks with all my 9 wives

[13:11] {vint} wow, that is more risky than trading

[13:12] {Threei}  WFC... Iswear this thing goes for 22

[13:12] {wulff} fine by me

[13:14] {vint} vad- any read on CAT, it is in tight range on 5mt 

[13:16] {Threei}  nothing that I would see as a compelling trade vint

[13:17] {vint} k,thanks

[13:23] {magoo} [13:13] {&Threei}  WFC... Iswear this thing goes for 22

[13:23] {magoo} [13:13] {wu

[13:23] {magoo} i must coconcur

[13:23] {magoo} ..prob 23

[13:25] {magoo} AXP 27 imo

[13:26] {ese} hey everyone....enjoyed watching you....not doing much scalping last couple of days just siting on a couple of swing trades have a great weekend

[13:26] {Threei}  you too ese, and don't forget about that scanner please

[13:26] {ese} see ya vad

[13:27] {vint} have a good one , ese

[13:27] {nemo} wow, a pullback

[13:27] {dino}  u2 es

[13:27] {nemo} by ese

[13:27] {nemo} bye

[13:27] {nemo} buy

[13:27] {nemo} bi

[13:27] {fernp} bye ese

[13:27] {nemo} beye

[13:27] {nemo} bye

[13:27] {Threei}  finally

[13:28] {Threei}  janitors are getting angry nemo

[13:28] {nemo} wanted to get it right

[13:28] {Threei}  G7 DRAFT STATEMENT TO INDICATE THAT ECONOMIC GROWTH SHOULD RESUME RECOVERY IN LATE 2009

[13:28] {Threei}  that was painful to watch

[13:28] {Threei}  but relief when you did made it worth it

[13:29] {vint} they are going release methodlogy of stress test, so what is news there?

[13:29] {Threei}  no one knows vint

[13:29] {Threei}  it's all a big puzzle

[13:29] {vint} i thought they are releasing results

[13:30] {Threei}  no, that is assigned for March 4

[13:30] {Threei}  unless they changed their minds again

[13:30] {Threei}  sorry, May 4

[13:30] {vint} got it ,thanks

[13:30] {Threei}  assumption is, methodology will give clues to how test results will look

[13:31] {vinod} this is like waiting for new baby to arrive

[13:31] {Threei}  which of course is wide open to interpretations

[13:31] {Threei}  what just hap[p[ened?

[13:31] {nemo} ehhhh....maybe...pullback?

[13:31] {Threei}  outlook to stay weak; downside risks to growth remain.

[13:31] {Threei}  - G-7 committed to ensuring key financial istitutions are sound

[13:31] {Threei}  too sharp for simply pullback

[13:31] {nemo} prez must be speaking

[13:33] {Threei}  CHRYSLER'S LENDERS DISCUSSING SECOND OFFER WITH THE US TREASURY - WSJ

[13:34] {nemo} db on wfc?

[13:34] {Threei}  worth trying

[13:34] {Threei}  .10 support

[13:35] {magoo} not against futes imo

[13:35] {nemo} got a point mags

[13:37] {nemo} fas holding

[13:37] {Threei}  US REP FRANK: GOVT SHOULD ALLOW JPM AND GS REPAY TARP

[13:38] {Threei}  you don't say

[13:38] {vinod} someone leak test or what?

[13:39] {nemo} got volume spike on WFC two minutes ago

[13:47] {Threei}  Prez on TV

[13:47] {nemo} so the pullback was the tell

[13:53] {nemo} what if WFC loses 21?

[13:54] {Threei}  let's wait for those guidelines to be published, then try to gauge rteaction

[13:55] {nemo} these things have got to be marketing pieces

[14:00] {Threei}  *TREASURY STRESS TEST ASSUMPTIONS: BANKS TO BE TOLD TO HOLD BUFFER FOR LOSSES THROUGH 2011

[14:00] {dino} after 2011, told "go crazy"

[14:01] {Threei}  - Notes that banks own estimates are not in line with those of regulators

[14:01] {Threei}  - No details on how stress tests will be released

[14:01] {Threei}  - Banks asked to reaise capital should not be viewed as insolven

[14:02] {wulff} quite a spike in FAS

[14:03] {Threei}  eeck

[14:03] {Threei}  poor initial sellers

[14:03] {Threei}  or shorters

[14:03] {nemo} trade this

[14:04] {Threei}  [13:31] {Threei} which of course is wide open to interpretations

[14:04] {wulff} Look at its volume

[14:05] {Threei}  - Market turbulence has substantially reduced reserves; most banks have capital 'well in excess' of well capitalized levels

[14:05] {Threei}  - Focus on common equity does not imply a new capital standard; no figures provided{

[14:07] {nemo} http://www.bloomberg.com/apps/news?pid=20601087&sid=au8cyqeJFifg

[14:09] {magoo} AMZN starts to crack vad

[14:09] {Threei}  come on mags

[14:09] {Threei}  this is a mess

[14:09] {Threei}  why would tou want to jump into this sharp seesaw

[14:09] {nemo} looks like my last relationship

[14:10] {nemo} Vad, do you really have to ask?

[14:10] {magoo} why u picking on me? i have bothered u today

[14:10] {magoo} if IF mkts retreats, no way is AMZN staying up 5

[14:11] {Threei}  hmmm

[14:11] {nemo} I'm not picking on you...

[14:11] {Threei}  bexcause I enjoy it?

[14:11] {magoo} alrighty then..just so i understand lol:)

[14:11] {Threei}  yeah, just ask :)

[14:11] {magoo} 30 cents since i menbtioned

[14:12] {vinod} :O

[14:13] {nemo} wouldn't it be funny if finnies go negative

[14:13] {Threei}  CNBC'S LEISMAN: ASSUMPTIONS RELEASED LACK DETAILS BECAUSE GOVT MAY NOT WANT WALL STREET ANALYSTS TO RUN ESTIMATES BEFORE BANKS CAN RESPOND TO THE GOVT OVER THE STRESS TEST RESULTS

[14:13] {nemo} Or, they lack details because there are no tests  :)

[14:14] {Threei}  or, because no one understands what those results mean

[14:14] {vinod} so, what happen to test test buy-sell or hold bank stock

[14:14] {Threei}  stay on a sideline, wait for the inirtial emotions to calm down

[14:14] {Threei}  then look for new setups

[14:14] {Threei}  why would you want to gamble on what no one in whole world has no slightest idea about?

[14:15] {Threei}  this has nothing to do with trading

[14:15] {vinod} thanks to all I got to go to work

[14:15] {nemo} it's like playing 5 card black jack draw

[14:16] {magoo} have good weekend v

[14:16] {vint} bye vinod

[14:16] {nemo} cya vinod

[14:20] {nemo} quote server vad?

[14:22] {Threei}  8

[14:26] {Threei}  STU

[14:26] {Threei}  US PRESIDENT OBAMA SEEKING TO 'BATTLE' PRIVATE LOAN COMPANIES ON STUDENT LOAN PROGRAMS - BOSTON.COM

[14:26] {Threei}  - Reiterating that the private loan programs cost the US $5B/year{NNI SLM FMD}

[14:29] {wulff} FITB beak

[14:29] {wulff} break

[14:32] {Threei}  kind of in the middle of everything, wulff

[14:33] {Threei}  I don't see a play on it

[14:33] {wulff} .86 long

[14:34] {Threei}  WHITE HOUSE PRESS SEC GIBBS: EXPECTING SOME BANKS TO RELEASE STRESS TEST DATA

[14:34] {laserdave} are they going to realease it now?

[14:34] {Threei}  no one knows

[14:35] {Threei}  initially they said May 4

[14:35] {Threei}  - some banks will release own results while government will release some data as well{

[14:35] {nemo} looking at the finny reactions that announcement meant a whole lot of nothin'

[14:35] {Threei}  WHITE HOUSE PRESS SEC: ASSUMING AN ANNOUNCEMENT ON AUTOMAKERS NEXT WEEK; GOVT PLANNING FOR ALL CONTINGENCIES

[14:36] {Threei}  what an incredible mess

[14:36] {Threei}  my take:

[14:36] {Threei}  This is meaningless blather. Those are meaningless tests. Anyone can make anything out of this text, and test results themselves will be just as meaningless.

[14:36] {Threei}  There is some framework within which they constructed those tests and their interpretations. That framework is purely abstract and arbitrary - another set of people would construct it differently.

[14:36] {Threei}  It means that after initial hoopla dies down and dust settles, it all won't matter a bit. All those tests are colossal waste of time and effort and public focus.

[14:37] {nemo} [13:55] {nemo} these things have got to be marketing pieces

[14:39] {wulff} last chance

[14:39] {nemo} what wulff? fitb?

[14:39] {wulff} yes

[14:40] {nemo} looks good but you're due for a pullback here

[14:40] {wulff} whetever

[14:41] {nemo} Vad, what if Fitb holds up during this FAS pause?

[14:42] {nemo} you in Wulff?

[14:42] {Threei}  it's as valid play as any other financial

[14:42] {wulff} yes

[14:43] {Threei}  Pontiac to be weeded out but Buick stays?

[14:43] {wulff} huh-hum

[14:43] {nemo} stop wulff?

[14:44] {wulff} .80

[14:45] {wulff} FAS you dog

[14:45] {Threei}  so let's see

[14:45] {Threei}  all that selloff as if something groundshaking happpened

[14:45] {Threei}  and now market makes new highs?

[14:46] {Threei}  any chance you would get it right if you tried to trade those announcements?

[14:47] {vint} it was very tempting while watching long candles

[14:47] {vint} red and green candles-very confusing however

[14:48] {Threei}  14:05 - 14:13

[14:48] {Threei}  out of those red candles

[14:48] {Threei}  how would you determine which one to buy?

[14:49] {nemo} which stock?

[14:49] {Threei}  FAS

[14:49] {Threei}  selloff didn't run out of gas until reached ober 60 cents

[14:50] {Threei}  you could try entry at 8.2

[14:50] {Threei}  then at 8

[14:50] {nemo} wasn't major difference in volume at the bottom

[14:50] {Threei}  nope

[14:50] {Threei}  only 7.80 finally produced bottom,

[14:51] {Threei}  now

[14:51] {Threei}  what are the chances that having your fingres cut off on first two tries you would go for a third oneZ?

[14:51] {nemo} 0

[14:51] {vint} 0

[14:51] {Threei}  and even if tyou did,

[14:51] {Threei}  how long would you hold it?

[14:51] {nemo} I wouldn't have fingers to push the buttons

[14:51] {Threei}  7.80 in, 7.95 out?

[14:52] {Threei}  would it even cover losses of first two stops?

[14:52] {Threei}  that's how those tempting big red candles kill you

[14:52] {Threei}  entry is clear only in rear window

[14:53] {vint} this happens in opening also

[14:53] {vint} first few minutes

[14:54] {Threei}  that's why I sually skip them and wait for the opening range to establish itself

[14:54] {Threei}  then go for break of it

[14:54] {larisa} whats sually ?

[14:54] {vint} so announcement like this is like opening moments..crowd emotion

[14:54] {wulff} i.e. FITB

[14:54] {nemo} nice larisa

[14:55] {larisa} vadism :)

[14:55] {Threei}  larisa... "sually" is usually typed with my exceptional typing skills

[14:55] {larisa} i know

[14:55] {Threei}  and you, with multiyears of reading Threeish, should really know better

[14:56] {Threei}  eqzaktly vint

[14:56] {Threei}  it's a common phrase: trade big news events as opening

[14:57] {vint} how insightful! wish i knew it before..slow learner

[14:57] {Threei}  usually applied to FOMC rate decisions

[15:01] {wulff} you think FAS breaks high or low?

[15:01] {wulff} can't decide

[15:01] {Threei}  price configuration says high

[15:01] {Threei}  volume says wait a minute

[15:01] {Threei}  it's a toss

[15:02] {nemo} It's Friday

[15:02] {wulff} throw something

[15:02] {Threei}  I still have inclination toward high

[15:02] {Threei}  buit that's my general bias talking

[15:03] {Threei}  I've been bullish for what now, 3 weeks?

[15:03] {Threei}  and this last one everyone else was bearish

[15:03] {Threei}  I think I was the lone bull

[15:03] {Threei}  no cow in sight

[15:04] {dptl} lol

[15:04] {Threei}  remember those big red days

[15:04] {Threei}  when I was saying it's just a pullback before resumption?

[15:04] {Threei}  every single time that was what happened

[15:05] {Threei}  so, it's kind of hard for me to change out.,ook,

[15:05] {Threei}  as a trend following trader I stay with trend direction until it's proven to break

[15:05] {Threei}  so far it's not

[15:06] {vint} nyse advancing issues up 30% but volume dn 10% ..hope i'm reading correctly

[15:06] {vint} no clue..those are the reading from my screens

[15:07] {wulff} WFC approaching 22

[15:07] {Threei}  why wouldn't it... everyone is trying to short it

[15:08] {wulff} and why would they...the news is out months ago

[15:09] {Threei}  instinct... short anything that isd "too high"... buy anything that is "too low"

[15:09] {Threei}  get killed

[15:09] {Threei}  repeat

[15:09] {Threei}  get killed again

[15:09] {Threei}  repeat

[15:09] {Threei}  'cause if you don't, how I, trend following trader will make my living

[15:10] {vint} so high is not high or low is not real low until it is proven so

[15:12] {Threei}  IMF OFFICIAL: LATIN AMERICAN ECONOMIES REACHING BOTTOM

[15:12] {Threei}  unless they keep digging

[15:13] {Threei}  well, there is a difference between high and The high

[15:13] {Threei}  if stocks didn't make new highs, where would trends come from?

[15:13] {Threei}  and if they do, what business does one have shorting each new high?

[15:14] {magoo} btw..everyday laserdave asks me what i think..everyday for 6 weeks i reply "UP"

[15:14] {magoo} so u not alone..im the cow he he

[15:14] {Threei}  ummm

[15:14] {nemo} I thought you were the horse's...

[15:14] {Threei}  may I think of you as another bull?

[15:15] {vint} i thought we had only bulls bears and pigs

[15:15] {vint} cow, horse??

[15:15] {nemo} trans-bull vint

[15:15] {Threei}  we are broadening our limits

[15:16] {Threei}  and trying to be inclusive

[15:16] {vint} any set up to watch vad?

[15:16] {magoo} ravens

[15:16] {Threei}  this pullback on WFC into .50 was tempting...

[15:16] {Threei}  I hesitated

[15:17] {Threei}  too big chance to get hurt on these hectic moves

[15:17] {vint} even FAS seemd so to me

[15:17] {Threei}  a lot of repositioning happens ahead of weekend

[15:21] {Threei}  watch WFC for double bottom

[15:21] {magoo} see, this mkt will NOT let anyone in

[15:21] {magoo} STRONG

[15:22] {larisa} double top you mean ?

[15:22] {larisa} got confused 

[15:22] {Threei}  no, double bottom at .50

[15:23] {larisa} k

[15:23] {magoo} watching BAC too

[15:23] {Raven} {}

[15:23] {magoo} R

[15:23] {magoo} A

[15:23] {magoo} V

[15:23] {magoo} E

[15:23] {magoo} N

[15:24] {Raven} I'm always watching you magoo

[15:24] {Raven} except when I am slacking

[15:25] {magoo} :)

[15:25] {magoo} so u saw that eh? 

[15:25] {Raven} I see all

[15:25] {Threei}  uh oh

[15:25] {Raven} degenerates

[15:27] {Threei}  larisa

[15:27] {nemo} wulff, still in fitb

[15:27] {Threei}  raven calling me names

[15:27] {wulff} no

[15:27] {Threei}  {Raven} actually... I am calling degenerates names

[15:27] {wulff} got bored with it

[15:28] {Threei}  prfitably bored?

[15:28] {Raven} prfitably ... sigh'

[15:29] {Threei}  hey... magoo's typing is even worse

[15:29] {wulff} if you call .04 profit

[15:29] {Threei}  depends on shares...

[15:29] {magoo} hery..ive breen taking clases

[15:29] {Raven} but I expect it from magoo

[15:29] {Threei}  10K little bugers as ese says...

[15:29] {wulff} I am no ese

[15:32] {Threei}  LVS

[15:32] {Threei}  .35 for a scalp

[15:32] {Threei}  if stays above .30

[15:33] {dptl} in

[15:33] {nemo} in

[15:34] {Threei}  WFC almost 22

[15:35] {Threei}  3 cets shy

[15:36] {nemo} stopped

[15:37] {dptl} stopped

[15:37] {vint} stopped

[15:37] {Threei}  G24 TO REPORTEDLY EVALUATE CHINESE PROPOSAL ON SDR (SPECIAL DRAWING RIGHTS)

[15:41] {dptl} lvs one more try?

[15:42] {Threei}  .30 break was it if you wanted ity

[15:42] {Threei}  with stop under .25

[15:42] {dptl} i see

[15:42] {magoo} in

[15:43] {nemo} in what mags?

[15:43] {magoo} lvs

[15:47] {dptl} same set up again?

[15:48] {magoo} out .34 ty

[15:51] {Threei}  wow

[15:51] {nemo} fas

[15:51] {Threei}  and WFC

[15:51] {nemo} wfc

[15:51] {nemo} friday profit taking

[15:53] {dptl} oh well...ok have good weekend all 

[15:54] {nemo} u2

[15:54] {Threei}  take care dp

[15:55] {Threei}  sheesh

[15:56] {Threei}  wat an amazing volatility

[15:56] {magoo} yea

[15:56] {magoo} so predictable

[15:56] {Threei}  almost dollar down

[15:56] {Threei}  predicatable?

[15:56] {magoo} thesell off

[15:56] {Threei}  have you shorted WFC near 22?

[15:56] {magoo} no

[15:56] {Threei}  or FAS near 8.80?

[15:56] {Threei}  then don't tell me it ws predictable :)

[15:57] {jfjf64} lol

[15:57] {Threei}  okay guys

[15:57] {magoo} i was saying it to dino..watch out we could crash{is all i meant} like yesterday

[15:57] {magoo} or wed

[15:58] {Threei}  whatever... to me, predictable is tradeable

[15:58] {Threei}  if it's not actionable information, it's meaningless

[15:58] {magoo} i know , u win

[15:58] {Threei}  I do?

[15:58] {Threei}  wait

[15:58] {Threei}  wrong intonation

[15:58] {Threei}  I do!

[15:58] {Threei}  okay folks, thank you all

[15:58] {Threei}  not bad day for a Friday,

[15:59] {Threei}  and all those news pieces

[15:59] {vint} thanks, vad

[15:59] {Threei}  ruining the chart

[15:59] {wulff} this bounce is so predictable

[15:59] {larisa} see you later :)

[15:59] {magoo} TY BOSS

[15:59] {Threei}  hehe wulff

[15:59] {jfjf64} ty

[15:59] {magoo} have good weekend

[15:59] {Threei}  have a great weekend

[15:59] {dino} holding blud and nflx over

[15:59] {Threei}  see you all on Monday

[15:59] {fernp} ty Vad. have a good weekend all

[15:59] {wulff} bye all

[16:00] {magoo} ty everyone

Apr 23 2009

Very nice start of the day, not much activity in second half. Just one stop, the rest worked like charm. All usual suspects: WFC, FAS etc. 

Session Time: Thu Apr 23 00:00:00 2009

[07:34] {ese} good morning....anybody hangin

[07:35] {Threei}  wow

[07:35] {Threei}  really sleepless soul eh?

[07:36] {ese} morning vad.....can we dcc

[07:36] {Threei}  sure

[07:54] {magoo} morn

[07:55] {magoo} can anyone get into lasr yet?

[07:56] {vinod} good moring to all. let make a great day

[07:56] {magoo} v:)

[08:02] {Threei}  magoo, vinod :)

[08:02] {nemo} haroo

[08:02] {magoo} vadf

[08:02] {Threei}  nemo :)

[08:02] {magoo} vad:)

[08:02] {magoo} nemo:)

[08:02] {magoo} can u log into laser?

[08:02] {Threei}  hmmm... I get swore at so early in the morning

[08:02] {nemo} mags

[08:02] {Threei}  no

[08:03] {magoo} ok..thought my side

[08:03] {magoo} lol

[08:06] {magoo} in now

[08:07] {nemo} I open LASER and it automatically tries to log me in and gives me "Invalid User" I hit "ok" and it closes the application.  Doesn't even give me an opportunity to log in again

[08:07] {Threei}  that's personal magoo

[08:07] {Threei}  it hates you

[08:08] {Threei}  sorry, nemo

[08:08] {Threei}  just let me in too

[08:09] {Threei}  nice gaps

[08:09] {Threei}  FITB is happy

[08:09] {Threei}  FAS too

[08:09] {Threei}  what was end of day drop about yesterday?

[08:09] {Threei}  some news or just because?

[08:10] {magoo} no news

[08:10] {Threei}  okay

[08:10] {magoo} just droppedd to screw magoo

[08:11] {Threei}  but you stayed safe and didn't let it, right?

[08:11] {magoo} no..crushed me

[08:11] {Threei}  seriously?

[08:11] {magoo} yea

[08:11] {magoo} was long

[08:12] {Threei}  stops?

[08:12] {magoo} blown

[08:12] {magoo} was up too at 3

[08:12] {magoo} dead at 4

[08:13] {Threei}  come on... you really know better than blow the stops

[08:13] {magoo} i know

[08:13] {magoo} but it happens sometimes

[08:14] {magoo} had 6 day win streak going 

[08:14] {magoo} CRUSHED

[08:14] {magoo} you've wrote about that subject

[08:15] {Threei}  professionalism is consistency...

[08:15] {magoo} yup

[08:16] {magoo} but hey. letting room know truth..so they not only see magoo win side

[08:16] {magoo} 6 up days....CRUSHED

[08:16] {Threei}  that's the road to the cure...

[08:16] {Threei}  just hate to see it

[08:17] {magoo} now..on pos note..held 400 sh aapl overnite @ 124.40

[08:17] {Threei}  ok, last question and I'll shut up

[08:17] {magoo} i bounce back better than TIGGER the TIGER

[08:17] {Threei}  the loss didn't exceed the wins of the winning streak?

[08:18] {magoo} my first hold in 16 months

[08:18] {magoo} no

[08:18] {Threei}  okay

[08:18] {magoo} but im telling u CRIUSHED

[08:19] {magoo} big enough that u'd faint

06[08:19] * Threei slaps magoo around a bit with a large manual titled Safety in the Markets

[08:19] {magoo} but i had HUGE win sstreak

[08:19] {Threei}  I don't want to know

[08:19] {magoo} u know magoo.......

[08:20] {magoo} but lets get to work

[08:20] {magoo} thhoughts AAPL?

[08:20] {Threei}  it's above the last resistance 125

[08:20] {Threei}  meaning uncharted territory

[08:20] {Threei}  meaning, no one knows

[08:21] {magoo} out 126.60..+ 2.20

[08:22] {magoo} may reload later

[08:22] {magoo} need to bank it

[08:22] {magoo} good start:)

[08:23] {magoo} crazy b*stard huh}???

[08:23] {Threei}  you?

[08:23] {Threei}  certainly

[08:24] {magoo} yea

[08:24] {Threei}  but that's magoo we come to know and like

[08:24] {Threei}  or dislike

[08:26] {magoo} u ever anomously reference me at seminars he he?

[08:26] {magoo} probably write a chapter on me

[08:27] {magoo} good out aapl

[08:28] {nemo} I know some psychiatrists that would love to do a case study on you

[08:29] {nemo} You mags, not Vad...there's no hope for him

[08:30] {Threei}  INITIAL JOBLESS CLAIMS: 640K V 640KE,

[08:30] {Threei}  CONTINUING CLAIMS: 6.137M V 6.120ME

[08:30] {magoo} thats why i exited..the number risk

[08:31] {Threei}  this is a good test

[08:31] {Threei}  if market shakes it off, and I think it will, we have new leg for a rally

[08:32] {nemo} futures are liking it

[08:32] {Threei}  hmm?

[08:32] {Threei}  what futures are you looking at? :)

[08:33] {nemo} DOW

[08:34] {magoo} ACOR up huge vad..news?

[08:35] {patience} good morning RT  :)

[08:35] {magoo} patience:)

[08:35] {patience} magoosky!   good morning   :)

[08:36] {Threei}  patience :)

[08:36] {Threei}  UPDATE: RESUBMITTED NEW DRUG APPLICATION FOR FAMPRIDINE-SR FOR MULTIPLE SCLEROSIS

[08:37] {ese} morning all

[08:37] {fernp} Hello everybody

[08:37] {Threei}  ese, fern :)

[08:39] {Threei}  FITB CEO: SEEING SOME SIGNS OF OPTIMISM COMPARED TO THE LAST 4 OR 5 QUARTERS - CONF CALL COMMENTS

[08:40] {pita} to quote magoo "a'dlkgjaoirjy"

[08:40] {Threei}  lol pita

[08:40] {Threei}  our lunacy rubs off eh?

[08:41] {pita} its wonderful

[08:43] {Threei}  BAC

[08:43] {Threei}  CNBC REPORTS THAT US FED CHIEF BERNANKE DID NOT PRESSURE CEO LEWIS TO KEEP QUIET ON LOAN LOSSES AT MERRIL LYNCH

[08:43] {pita} perhaps amusing is a better word choice

[08:44] {magoo} he he..pita gave it a second thought

[08:45] {pita} not a whole second

[08:45] {magoo} so shes not quite assylum ready vad

[08:45] {Threei}  she?

[08:46] {pita} past ready - pita's a he - PITA = Pain In The Ass

[08:46] {magoo} fitb has a gap to fill higher @ 4.79

[08:47] {magoo} oops

[08:47] {magoo} apoligize

[08:47] {pita} not necessary

[08:47] {pita} where's the gap?

[08:51] {ese} i'm definately looking at that mags

[08:51] {ese} would love to see it go there 4.79 fitb

[08:52] {pita} how do you play that?  Not much of a gap...

[08:54] {pita} are we talking 4/20 morning open?

[08:56] {ese} fitb's numbers were good this morning....beat the street handily....should climb

[08:56] {cosmo} LOGI pre mkt recovery high = 10.41  so far

[08:56] {dptl} good morning all

[08:57] {Threei}  dp :)

[08:57] {magoo} 5 day chartshows gap mr. pita

[08:59] {pita} :)  sm gap, i see

[09:00] {dino} gm all

[09:00] {magoo} aapl has a way of making u feel stupid

[09:01] {magoo} now i hate my exit :)

[09:01] {Threei}  dino :)

[09:02] {ese} deeeeeeeenooooooo

[09:03] {dino} wow

[09:05] {ese} anybody got a read on financials this morning

[09:06] {Threei}  just up and down with market

[09:07] {tomg} good morning all

[09:08] {Threei}  tom :)

[09:09] {Threei}  (US) FITCH: US HOUSE PRICES TO FALL ANOTHER 12.5% BEFORE FINDING A BOTTOM

[09:09] {Threei}  - U.S. home prices will fall an additional 12.5% from 2008's year end values before exhibiting more stability in late 2010, according to Fitch Ratings.

[09:09] {Threei}  - This forecast reflects a reversion to early 2002's prices.

[09:09] {Threei}  - Currently, prices are hovering around levels seen in mid 2003.

[09:09] {Threei}  - To date, national home prices have declined by 27%

[09:11] {vinod} I expect more choppy trading

[09:18] {cosmo} NUVA:  NuVasive posts narrower Q1 loss, ups 2009 viewat Reuters(Wed 6:21pm)

[09:18] {dino} nuva

[09:18] {dino} opps

[09:19] {dino} seems a bit much

[09:19] {dino} acor

[09:19] {dino} rsh

[09:27] {pita} watch list?

[09:27] {Threei}  usual suspects

[09:27] {Threei}  want to skip first minutes

[09:27] {nemo} I've heard that before :)

[09:31] {jfjf64} gm on

[09:31] {magoo} GE smoked vad

[09:31] {dino} ilmn sm l .50

[09:31] {dino} wide

[09:31] {Threei}  jf :)

[09:32] {Threei}  FDIC'S BAIR: HOPING TO HAVE INITIAL PLAN FOR LEGACY LOANS SALE PROGRAM BY JUNE

[09:32] {Threei}  {XLF}

[09:32] {nemo} legacy loan....nice euphemism

[09:32] {Threei}  WFC, watching for long if pulla back into .70 - .80 area

[09:32] {dino} stop to .91

[09:33] {magoo} aapl bounce somewhere vad?

[09:34] {dino} out .95, +.45

[09:34] {dino} reverse slip

[09:34] {Threei}  WFC getting there, want one more leg down

[09:34] {magoo} MS crushed vad

[09:35] {dino} nuva

[09:35] {ese} faz....is pissing me off.........L fitb 4.01   and the faz is driving it down

[09:35] {dino} s sm .08

[09:35] {Threei}  in .81

[09:35] {Threei}  wow... that was fast

[09:35] {Threei}  taken out at .99

[09:36] {magoo} missed

[09:36] {nemo} yep

[09:36] {fernp} too fast missed

[09:36] {dino} bstop to .28

[09:37] {Threei} Long Setup:  JPM  .20 half lot

[09:37] {nemo} stop

[09:37] {Threei}  stop under 32

[09:37] {nemo} stop?

[09:38] {dptl} in .23

[09:38] {magoo} in .20

[09:38] {nemo} in

[09:39] {Threei}  1:1

[09:39] {magoo} out .43 TY 

[09:39] {dptl} out .43 ty

[09:39] {fernp} out TY

[09:39] {Threei}  welcome

[09:39] {jfjf64} ty

[09:39] {tomg} ty vad

[09:39] {Threei}  LVS, what's up again

[09:40] {nemo} all out .50 ty

[09:40] {Threei}  :)

[09:40] {magoo} news

[09:40] {dino} nuva to b/e

[09:41] {dino} stopped +.05

[09:43] {magoo} lvsshort vad

[09:44] {Threei}  why?

[09:44] {dino} t l hl .95, stop lod

[09:45] {magoo} look why

[09:45] {magoo} red candle

[09:45] {Threei}  market red candle, LVS just follows

[09:45] {Threei}  no setup on its own

[09:46] {Threei}  and pointing to what happened later doesn't really answer question about reason, does it? {G}

[09:47] {vinod} out jpm 32.54 i am slow

[09:47] {Threei}  scary thing on quick morning plays on such volatile stock...

[09:48] {nemo} yeah that WfC play, wow...shoulda' entered onthe double bottom around 74, but such a fast play

[09:48] {vinod} i got to be careful because of work

[09:48] {Threei} Long Setup:  MS  half lot .45 break

[09:48] {jfjf64} fast fast

[09:49] {Threei}  that was my entry idea, nemo

[09:49] {nemo} in

[09:49] {dptl} in .48

[09:49] {magoo} in .43

[09:49] {Threei}  stops:

[09:49] {Threei}  for scalpers under .35

[09:49] {Threei}  for normal traders under .30

[09:50] {Threei}  wow WFC... what happened there

[09:50] {Threei}  MS baby

[09:50] {Threei}  1:1 for normal player

[09:50] {fernp} out TY

[09:50] {Threei}  not even speaking of pesky scalpers

[09:51] {chinggis} TY 3i

[09:51] {Threei}  welcome guys

[09:51] {dptl} out .60 ty

[09:51] {Threei}  I will get yelled at immediately but you know I have to ask

[09:51] {Threei}  can I go home?

[09:51] {nemo} NO!!!!!!!!!!!!

[09:52] {Threei}  lol

[09:52] {nemo} there...feel better

[09:52] {Threei}  out MS in full

[09:52] {Threei}  .72

[09:52] {jfjf64} 3i   in the house!!!!!!

[09:52] {magoo} out .66 ty

06[09:52] * Threei slaps magoo around a bit with a large roll of cash

[09:52] {ese} I like that handle chinggis....but it should have been  Chaaaa.....chinggg....gis.....to imitate the ole cash register

[09:52] {nemo} last name Khan?

[09:52] {chinggis} nope

[09:53] {Threei}  that's Chengis Khan reference I'd guess?

[09:53] {ese} good one....high fives all around

[09:53] {nemo} yes...know him personally

[09:53] {chinggis} yes

[09:53] {Threei}  powerful man

[09:53] {nemo} forgot, what was his birth name...Temusan?

[09:54] {chinggis} Temujin

[09:54] {nemo} thanks

[09:54] {chinggis} np

[09:56] {jfjf64} you sd tk ya wife to lunch  more often     lol

[09:56] {nemo} roflol

[09:57] {Threei}  well... one fine day I'll get raw fish poisoning...

[09:57] {dino}  darn nuva too tight

[09:58] {Threei}  let's keep an eye on CAT

[09:58] {Threei}  trading idea is .45 long

[09:58] {Threei}  but I don't want to jump on it just yet

[09:58] {Threei}  want a bit more of consolidation, holding above .30 and most importantly, market establishing upward direction

[10:00] {Threei}  *MARCH EXISTING HOME SALES: 4.57MM V 4.65ME

[10:00] {Threei}  okay... CAT makes it easy for me

[10:00] {Threei}  invalidated :)

[10:00] {jfjf64} k

[10:00] {nemo} could be a short shaping up

[10:00] {Threei}  - Total Months of supply months 9.8M v 9.7 months prior

[10:00] {Threei}  - Median Existing Home Price: 175,200$ v $165,400 prior

[10:00] {nemo} on CAT

[10:01] {Threei}  well, that would be a .30 breakdown

[10:01] {Threei}  but at the moment it wasn't all that clear

[10:03] {nemo} an there she goes

[10:03] {Threei}  numbers came, killed the market and helped establish direction

[10:03] {dino} 7791, 1317, 826

[10:04] {dino} prices rising homes

[10:04] {dino} surprised w/foreclosures

[10:05] {dino} sm l txn .00

[10:06] {dino} idcc sm l .60

[10:08] {Threei} Long Setup:  FAS 

[10:09] {Threei}  .13 - .15

[10:09] {Threei}  stop under .10 for scalpers

[10:09] {Threei}  under 7 for day trade

[10:10] {Threei}  scalpers have 1:1

[10:10] {Threei}  day traders have 1:1

[10:11] {nemo} you're already home, Vad...don't ask again

[10:11] {Threei}  DNDN at it again

[10:12] {magoo} AMZN vad..take a look

[10:12] {magoo} out fas .34 TY

[10:13] {Threei}  don't know what to say about AMZN

[10:13] {magoo} make something up lol

[10:13] {Threei}  81 break is obvius idea but I don't have firm grip on that

[10:13] {Threei}  I personally will skip that

[10:17] {magoo} i took 81

[10:17] {magoo} ty

[10:18] {Threei} Long Setup:  WFC  .45 break

[10:18] {magoo} out here .26

[10:18] {magoo} ty

[10:19] {magoo} in wells

[10:19] {Threei}  stop under .35

06[10:23] * Threei kicks WFC in the rear

[10:24] {Threei}  half out .57

[10:24] {dptl} out +.10 ty

[10:24] {nemo} out

[10:24] {Threei}  me getting greedy on Wells Fargo

[10:24] {Threei}  maybe pesky scalpers win again...

[10:25] {pita} out +.10 ty

[10:25] {Threei}  but there is some serious strength in this one

[10:25] {Threei}  want to give it a chance

[10:25] {dptl} it goes to 20 :)

[10:25] {nemo} dp is channeling mags

[10:25] {magoo} out here .63 TY

[10:26] {Threei}  that's from lala land... for now just trailing stop to b/e

[10:26] {Threei}  1/4 more out

[10:26] {Threei}  .65

[10:26] {Threei}  nemo

[10:26] {nemo} slipping vad...you didn't top tick

[10:26] {Threei}  please?

[10:26] {Threei}  can I?...

[10:27] {nemo} no

[10:27] {nemo} no

[10:27] {Threei}  sigh

[10:27] {nemo} no

[10:27] {magoo} allow me bosss.........

[10:27] {nemo} you left early yesterday

06[10:27] * magoo slaps nemo around a bit with a large trout

06[10:27] * magoo slaps nemo around a bit with a large trout

06[10:27] * magoo slaps nemo around a bit with a large trout

[10:27] {Threei}  so what... I had a lot of raw fish to eat

06[10:27] * nemo sticks out tongue because he ducked

[10:27] {Threei}  non of that trout btw

[10:28] {magoo} cAT

[10:29] {nemo} VAD  WFC looks like it might be setting up for a short

[10:31] {nemo} [10:29] {nemo} VAD  WFC looks like it might be setting up for a short

[10:32] {magoo} nice read nemo

[10:32] {Threei}  there is a point in repost or just bragging?

[10:32] {nemo} being an asshole

[10:32] {patience} hmmm....gold providing nice swings this week...good scalping opportunities vad, playing goldcorp, kinross

[10:33] {magoo} huh?

[10:33] {Threei}  let's compare notes than nemo... do you have to work hard on that or it comes to you naturally?

[10:33] {Threei}  for me it's very easy

[10:33] {nemo} You met me...what do you think...hmmmmmmmmm?

[10:33] {magoo} it comes easy for you vad to call me an asshole??

[10:34] {jfjf64} you guys too funnyyy

[10:34] {Threei}  you softened personal impression by that 5th jack daniels nemo {G}

[10:34] {Threei}  no magoo, but this does:

06[10:34] * Threei slaps magoo around a bit with a large trout

[10:35] {magoo} with a large trouts asshole lol

[10:35] {nemo} oh geeezzzz

[10:35] {Threei}  lol

[10:35] {magoo} CAT?

[10:35] {nemo} Guess Vinod had enough of the humor

[10:36] {magoo} feels like we missed it

[10:36] {Threei}  you think?

[10:36] {Threei}  lol

[10:36] {Threei}  didn't really see swtup on it

[10:37] {magoo} k

[10:40] {ese} does anyone here think that the market is moving in a bit more of an orderly fashion....no more violent swings like the last part of 09

[10:40] {ese} sorry 08

[10:40] {ese} or am i dreaming

[10:41] {nemo} vix is down significantly ese

[10:41] {dino} es, seems 200-300 dailies average dji, vs. 400-700

[10:41] {ese} yes.....just looked at it.....

[10:41] {dino} ranges

[10:41] {ese} and most of the stuff i'm following seems orderly

[10:42] {ese} ya ...thats a good way to look at it dino

[10:42] {dino} also s/p stuck in 825-875 range all month

[10:43] {ese} yes

[10:43] {dino} most likely fill fri gaps 1353 and 869, then down again to 1300 825 (800 gap )

[10:45] {magoo} SIGHHHHHHH

[10:45] {magoo} i miss the down 300 reversals to up 400 

[10:47] {_xangelx} lol

[10:49] {Threei}  you are too much of a gambler mags

[10:49] {Threei}  but then again... what else is new

[10:58] {nemo} stealth climbs in wfc fas jpm

[10:58] {dptl} .23 long fas? or .13 short?

[10:58] {nemo} against the indexes too

[10:59] {Threei}  long looks a bit more plausible to me, but it's like 51/49

[11:00] {nemo} need indexes?

[11:01] {Threei}  BARCLAYS MAKING POSITIVE COMMENTS ON SOLAR ENERGY NAMES

[11:01] {Threei}  C

[11:01] {Threei}  TO SHUT PRIVATE EQUITY FUND-RAISING OPERATION

[11:01] {Threei}  - WSJ

[11:01] {Threei}  wow

[11:08] {nemo} funny....look at last paragraph: http://www.ritholtz.com/blog/2009/04/the-power-of-tds/

[11:09] {nemo} hey mags, shouldn't you be doing something?

[11:14] {jfjf64} guess it was.13 shoert fas   lol

[11:14] {dino} v sm vmw l .10

[11:17] {pita} double bottom FAS?

[11:18] {Threei}  quite possible

[11:18] {Threei}  what I'd like to see to go for it would be:

[11:18] {Threei}  touch on .10, pulback,

[11:18] {Threei}  staying firmly above the low,

[11:19] {Threei}  desirable above .05

[11:19] {Threei}  couple min of consolidation,

[11:19] {pita} roger that

[11:19] {Threei}  then break of .10 for long entry

[11:20] {Threei}  so far so good

[11:21] {pita} missed or pullback?

[11:22] {Threei}  don't chase but if pulls back into buy zone, take it

[11:22] {Threei}  US LIGHT VEHICLE SALES DOWN 33% SO FAR IN APRIL Y/Y

[11:22] {Threei}  really?

[11:23] {Threei}  I thought it were SUVs and tracks that constituted the problem

[11:23] {Threei}  1:1 FAS

[11:23] {nemo} what?

[11:23] {Threei}  who took it take profit

[11:23] {Threei}  what what?

[11:23] {nemo} did you take it Vad?

[11:23] {Threei}  yes

[11:24] {nemo} I thought you were looking for pullback?

[11:24] {Threei}  ummm

[11:24] {pita} moved too fast 

[11:24] {Threei}  did you watch the stock?? :)

[11:24] {jfjf64} ummm

[11:24] {nemo} obviously not well enough

[11:25] {Threei}  it moved a few times between .06 and .09

[11:25] {ese} signing off for an hour or so....have to teach a class...... see ya

[11:25] {Threei}  consolidation was not as long as I'd like it to be

[11:25] {Threei}  take care ese

[11:25] {Threei}  so it made it kind of discretionary

[11:25] {Threei}  and limited potential to scalp only

[11:25] {fernp} I took BAC following your FAS indications. +.10 TY

[11:26] {Threei}  that's hwy no half out, just straightforward take profit call

[11:26] {jfjf64} well understood

[11:26] {Threei}  fern :)

[11:26] {Threei}  BAC pretty much mirrored same scenario, yeah

[11:27] {nemo} WFC has broken range

[11:32] {Threei}  Off topic:

[11:32] {Threei}  The only thing worse than an idiot is an idiot with initiative

[11:33] {nemo} prez speaking again?

[11:33] {Threei}  lol... not that I know

[11:35] {fernp} lol

[11:40] {Threei}  Study says memory improves on rainy days. People score significantly hgiher on memory tests on rainy cloudy days that they do on bright sunny days.

[11:40] {Threei}  now... when was the last rainy day, I can't remember...

[11:40] {nemo} is that the "idiot with initiative" reference?

[11:41] {Threei}  no

[11:41] {Threei}  unrelated

[11:41] {nemo} who's the "idiot"?

[11:41] {Threei}  gosh... there are so many of them, why don't you pick your own candidate

[11:42] {nemo} I was referring to your comment...you obviously had someone in mind?

[11:42] {Threei}  it's not like we have such short supply of those that you need me to pount out specific one

[11:42] {nemo} fine

[11:42] {Threei}  consider it thinking out loud...

[11:43] {Threei}  but I guess the e-mail that provoked that line of thought was the one I got

[11:43] {Threei}  comparing anti-crisi action of two administrations

[11:43] {Threei}  let me copy

[11:43] {Threei}  Old face had no idea what to do, realized that and tried to do as little as possible. New face has no idea what to do, doesn't realize that and tries to do a lot.

[11:44] {dino}  ands

[11:44] {Threei}  looks like direction is getting established

[11:45] {Threei}  still a bit iffy but if you are itching for action,

[11:45] {Threei}  WFC pullback into .20 should be a long entry

[11:46] {Threei}  FAS .20 break worth a try if stays above .15

[11:48] {dptl} wfc stop would be .15?

[11:49] {Threei}  you in?

[11:49] {dptl} no not yet

[11:49] {Threei}  can't tell in advance, I need to see how it sets up

[11:49] {Threei}  if it does

[11:49] {dptl} ok

[11:50] {Threei}  IMF'S STRAUSS KAHN: COULD DISCUSS SDR IN NEAR FUTURE; STILL WORKING ON ALLOCATIONS

[11:50] {Threei}  who pays his salary?

[11:50] {dptl} fas still valid?

[11:51] {Threei}  not until it goes through new consolidation

[11:55] {dptl} in fas

[11:55] {nemo} FITB?

[11:56] {Threei}  no read

[11:57] {dptl} nope stopped

[11:57] {nemo} indices keeled over

[11:58] {Threei}  CME

[11:58] {Threei}  COMPETITION WITH ICE OVER CDS CLEARING IS NOT YET OVER

[11:58] {Threei}  {ICE}

[12:02] {jfjf64} vad   still  wfc bounce off .20

[12:03] {jfjf64} i was away from computer

[12:05] {Threei}  not sure

[12:05] {Threei}  things slowed down too much

[12:10] {nemo} anybody awake?

[12:11] {Threei}  why?

[12:11] {Threei}  or, what for?

[12:16] {dino}  zzzzzzzzzzzzzzzzzzzz

[12:22] {nemo} what happened

[12:23] {Threei}  no idea, don't see anythbing anywhere

[12:27] {jfjf64} zzzzzzzzzzz

[12:28] {nemo} financials aren't moving but WFC is

[12:28] {Threei}  WFC strength is remarkable

[12:29] {nemo} ohoh...there we go again

[12:29] {Threei}  scared yet?

[12:29] {nemo} oh yeah

[12:29] {Threei}  SENATORS DODD AND SCHUMER SEND LETTER TO BERNANKE SEEKING CREDIT CARD RATE FREEZE -CNBC

[12:29] {Threei}  - reminder: President Obama is meeting with credit card executives today at 1pmET

[12:29] {Threei}  you well should be

[12:30] {Threei}  and when you find out you start thinking in unison woth magoo too - that's it

[12:30] {nemo} yeah...those F#@$%!s jacked my rates a couple of weeks ago

[12:30] {jfjf64} smartest thing i heard   bout  time    crooks

[12:31] {nemo} Magoo...think like him....damn...I'll have to get a double barrel

[12:32] {magoo} or a compound bow

[12:32] {nemo} WFC short trap???

[12:32] {Threei}  so far, obviously

[12:33] {nemo} I mean right now...MMmmmhhhh....guess I'm going for your title

[12:33] {Threei}  don't

[12:34] {Threei}  I have enough competition from all the talking heads

[12:34] {Threei}  all I have left to me in the "stating the obvious" department is Sun ususlly rises in the morning and at East

[12:34] {nemo} Awwww....I can see the big "CO" sown on the front of my jersey now....what color is your cape?

[12:35] {magoo} feels like ive been sitting here for 4 1/2 hours

[12:35] {Threei}  you were

[12:35] {Threei}  that;s why it feels like that

[12:36] {nemo} guess it wasn't a trap

[12:36] {Threei}  FAS is questionable, but WFC pullback into .40 is probably worth a try

[12:37] {Threei}  wait

[12:37] {Threei}  news

[12:37] {Threei}  WFC REPORTED CALIFORNIA AG TO HOLD PRESS CONF LATER TODAY TO ANNOUNCE SUIT AGAINST WFC

[12:37] {nemo} so now it climbs

[12:37] {Threei}  no idea how significant it is

[12:43] {nemo} possible DT on WFC (not alcohol withdrawal related)

[12:52] {jfjf64} wfc??

[12:54] {nemo} am I back?

[12:57] {nemo} am I back?

[12:57] {magoo} nope

[12:59] {nemo} I have the strangest hallucinations...more psilocybin

[13:03] {_xangelx} you guys don't trade during lunch time?

[13:03] {nemo} less

[13:03] {_xangelx} oh

[13:04] {_xangelx} what time you guys start to trade again?

[13:04] {nemo} when the setups occur.  The ranges during lunch tend to be smaller, so the confidence lower.  You'll see more pullback plays during lunch than breakouts

[13:04] {magoo} when a valid setup appears, we trade

[13:05] {magoo} just happens lunch usually slow

[13:05] {nemo} Actually Magoo's probably trading right now

[13:06] {_xangelx} cool

[13:13] {dino} yes we do

[13:27] {nemo} WFC?

[13:28] {Threei}  feels to be preparing a new ssqueeze to me

[13:28] {Threei}  but I don't see a setup

[13:33] {Threei}  probably bounce-ready

[13:33] {Threei}  for a scalp

[13:33] {Threei}  .51 long if stays above .45

[13:35] {magoo} in

[13:36] {nemo} in

[13:41] {magoo} out

[13:41] {magoo} no like

[13:41] {Threei}  traitor

[13:42] {Threei}  holding nicely, maybe even worth more than scalp if moves

[13:42] {vinod} in.0.52

[13:42] {Threei}  need FAS to bounce finally

[13:43] {vinod} my stop is at 0.45

[13:43] {Threei}  just under

[13:44] {vinod} o.k change it to o.47

[13:44] {Threei}  even if all FAS does is just a move to .40, it should be enough for WFC to go to about .65 - .70

[13:44] {Threei}  huh?

[13:44] {Threei}  to .44 you mean?

[13:44] {dptl} lol

[13:44] {vinod} sorry made mistake now is 0.40

[13:45] {Threei}  EU'S ALMUNIA: EUROPE WILL SUFFER MORE IN THE SHORT TERM THAN THE US DUE TO CRISES; SHOULD NOT UNDERESTIMATE THE EUROPEAN STIMULUS THAT HAS ALREADY BEEN APPROVED

[13:45] {Threei}  - Notes that the US economy will react more quickly to the stimulus than the EU's economy

[13:45] {vinod} i did 2 very good trade here vad

[13:45] {Threei}  :)

[13:45] {Threei}  no worky WFC

[13:46] {vinod} well, there is always next one

[13:56] {chinggis} ebay?

[13:57] {Threei}  no read on it here

[13:57] {chinggis} ok ty

[13:58] {magoo} if IF mkt can rip up i like AMZN long

[14:00] {nemo} Mmmmmh, if ebay can't break that high, could be a good short considering how much it's already up the last two days

[14:00] {Threei}  (US) WHITE HOUSE ADVISOR VOLKER: REITERATES THAT THE US AND WORLD ARE EXPERIENCING A "GREAT RECESSION"

[14:00] {Threei}  - does not believe that some banks are "too big to fail."

[14:01] {Threei}  WHITE HOUSE ADVISOR VOLKER: I am very proud of this new term I just coined

[14:01] {nemo} GLW Vad

[14:01] {vinod} recession is recession what so great about it

[14:01] {Threei}  what about GLW?

[14:01] {Threei}  US PRESIDENT OBAMA: CREDIT CARD INDUSTRY SHOULD ISSUE 'PLAIN VANILLA' CREDIT CARDS; NEED MORE PROTECTION FOR CONSUMER WITH MORE OVERSIGHT

[14:01] {vinod} GLW i have plenty of that

[14:02] {nemo} guess that answers it

[14:02] {nemo} Oh yeah, your wife

[14:02] {Threei}  US ADVISOR VOLCKER: SMALLER BANKS A 'GOOD IDEA'

[14:02] {nemo} Not sure I can disagree with Obama on that.  The interest rate isn't really the interest rate on those things

[14:06] {Threei}  US PRESIDENT OBAMA

[14:06] {Threei}  - Remarks that Congress will take action on abuses

[14:06] {Threei}  - Asks for ban on 'unfair rate increases'

[14:06] {Threei}  one thing I don't get

[14:07] {Threei}  are credit card issuers private businesses (well, public if they trade on exhcnages) or are they in any way under government control?

[14:08] {Threei}  whatever they do, fair or unfair, as long as it is legal - how can government tell busienss what to do?

[14:09] {Threei}  this precedent looks more dangerous to me than anything V or AXP could do

[14:10] {Threei}  you GM make these cars and not those; you AXP charge these rates and not those

[14:10] {Threei}  should I expect an order which stocks to call?

[14:10] {jfjf64} hmmmmm

[14:10] {Threei}  seriously, where does it end?

[14:11] {Threei}  US OFFICIAL: CONFIRMS BANKS TO RECEIVE STRESS SUPERVISORY RESULTS TOMMOROW

[14:11] {Threei}  - Notes that during comment period post release of results discussions may not include strength of banks and ability to repay TARP

[14:11] {nemo} the commisar's office

[14:17] {dino} wait until they say you can no longer sell stocks

[14:17] {dino} only buy

[14:17] {jfjf64} lol

[14:17] {Threei}  yup, that would solve problem with falling markets

[14:18] {jfjf64} mess

[14:19] {Threei}  WFC you bastard

[14:20] {vinod} buy stock on uptick only

[14:20] {jfjf64} here comes ya .70

[14:29] {Threei}  yeeeahh

[14:29] {Threei}  sigh

[14:30] {nemo} here's hoping for another 3:00 sleigh ride

[14:39] {magoo} .

[14:39] {nemo} wfc closes the gap

[14:42] {magoo} wtf

[14:45] {Threei}  BAC

[14:45] {dino} .

[14:46] {Threei}  pullback entry, .60 - .70 area for now

[14:46] {Threei}  will try to nail it more precisely if it gets there

[14:52] {wulff} anyone out there?

[14:53] {Threei}  only the truth

[14:53] {nemo} Thanks Mulder

[14:53] {magoo} and u cant handle the truth

[14:53] {Threei}  but it's out there

[14:54] {nemo} You want me on that wall!  You need me on that wall!

[14:59] {Threei} Long Setup:  HIG  .76

[15:00] {Threei}  NY FED: FED ASSETS AT DEC 2008 $2.25T V $1.33T Y/Y

[15:01] {nemo} Oh jeez

[15:01] {pita} BAC?

[15:02] {Threei}  can't tell yet... needs more selling it feels

[15:02] {Threei}  HIG invalidated

[15:02] {i2romantis} FITB is holding ground

[15:07] {Threei}  US TREASURY SEC GEITHNER TO REPORTEDLY COMMENT THAT WORLD NEEDS GROWTH NON DEPENDENT ON US CONSUMER

[15:07] {Threei}  can anyone take the mike from that guy?

[15:08] {dptl} have a good evening all

[15:09] {jfjf64} enjoy

[15:09] {Threei}  take care dp

[15:09] {magoo} bye dp

[15:13] {nemo} So, Vad, when do you think FAS will overtake FAZ again?

[15:14] {Threei}  shrug

[15:14] {nemo} shrug

[15:14] {Threei}  what makes you think I have anythought about that

[15:14] {nemo} BAC bottoming

[15:14] {nemo} That's why I asked

[15:19] {magoo} NUE clubbed

[15:19] {Threei}  do we get a repeat of yesterday?

[15:19] {nemo} instead of long anything, short anything?

[15:20] {Threei}  do ou see any short setups?

[15:20] {nemo} nah...that would be too easy

[15:20] {nemo} What's Dino's opinion?

[15:21] {dino} dk

[15:21] {nemo} wn?

[15:22] {Threei}  be back in 20

[15:22] {nemo} huh?

06[15:23] * Threei slaps nemo around a bit with a large trout

[15:24] {jfjf64} keep gettin kicked off server    lol

[15:27] {jfjf64} eveybody sleepin

[15:27] {nemo} no

[15:28] {jfjf64} k

[15:28] {cosmo} NTGR tests 14.99 ....often..

[15:28] {nemo} look at those sell orders stacked up against the bids...could be fakes

[15:29] {nemo} whaddya' think cosmo?

[15:29] {cosmo} nuttin

[15:29] {nemo} honey

[15:29] {cosmo} its....resistance

[15:30] {nemo} Great Wall of China

[15:30] {cosmo} no

[15:30] {nemo} just being hyperbolic

[15:30] {cosmo} could slip thru

[15:31] {nemo} they could be fakes

[15:31] {cosmo} always

[15:32] {nemo} worth it if Qs turn up and it breaks 15

[15:32] {cosmo} its waiting...yes

[15:32] {magoo} AXP risky reports

[15:32] {nemo} game cosmo?

[15:32] {magoo} long .70

[15:32] {magoo} thginking over 21

[15:33] {magoo} stop .43

[15:33] {nemo} ballsy mags

[15:33] {magoo} hmmmmmm

[15:34] {nemo} oy

[15:34] {nemo} Vad getting his hair done or something?

[15:34] {cosmo} hmmm

[15:34] {jfjf64} hmmmm

[15:35] {magoo} hhhhhhhhhmmmmmmmmmm

[15:35] {nemo} what?

[15:35] {cosmo} .89 stop

[15:35] {nemo} don't do it

06[15:35] * nemo ducks

[15:35] {nemo} look at that pileup @15

[15:36] {cosmo} its faked

[15:37] {nemo} when they report cosmo?

[15:37] {nemo} interesting

[15:38] {cosmo} you mean ... fundamentals?

[15:38] {nemo} earnings

[15:39] {cosmo} too much stress...

[15:39] {nemo} they reported yesterday

[15:39] {cosmo} ah ...yea .. they beat

[15:39] {nemo} those orders are staying

[15:39] {cosmo} see better ahead too

[15:40] {cosmo} wall too

[15:40] {magoo} axp held barely

[15:40] {magoo} strill in

[15:44] {magoo} 2:1 axp

[15:44] {magoo} still in

[15:45] {nemo} how do you get 1:2 on .70 w stp at .43 when the stock hits .95?

[15:46] {magoo} i never read vads book lol

[15:46] {cosmo} NTGR....melt down that wall!

[15:46] {nemo} ohhh

[15:46] {nemo} it keeps getting higher

[15:47] {magoo} i cxalled 21

[15:47] {nemo} you out?

[15:47] {magoo} nope

[15:47] {magoo} i may tho

[15:48] {magoo} grrrrrr

[15:48] {nemo} you've got a double top in stochastics, a tweezer top, and hanging cloud cover

[15:48] {magoo} and an earnings report

[15:49] {magoo} .97 exit

[15:49] {magoo} waiting

[15:49] {nemo} Well, AXP was paying people $300 to close their accounts

[15:50] {nemo} Vad's probably sitting there thinking, "listen to these idiots."

[15:50] {nemo} not you Dino

[15:50] {magoo} HEY

[15:51] {Threei}  WFC...

[15:51] {Threei}  does it or does it not

[15:51] {nemo} Sorry Mags...told ya

[15:52] {Threei}  starts looking like we gap up tomorrow

[15:52] {nemo} almost mags

[15:52] {magoo} .97 prints

[15:52] {nemo} out?

[15:52] {magoo} no

[15:52] {magoo} 21.11 wait

[15:53] {magoo} OUYTTTTTTTTTTTTT

[15:53] {magoo} OUT'

[15:53] {nemo} gj

[15:53] {magoo} 2:1???

[15:53] {magoo} [15:46] {nemo} how do you get 1:2 on .70 w stp at .43 when the stock hits .95?

[15:53] {magoo} [15:47] {magoo} i never read vads book lol

[15:53] {nemo} not quite

[15:54] {nemo} would have had to be .24

[15:54] {magoo} it printed 28

[15:55] {nemo} what did you get out on?

[15:55] {magoo} .11

[15:55] {magoo} +.41 right??

[15:55] {nemo} stock hit 1:2 you had a .27 stop

[15:55] {magoo} u confusing me

[15:56] {magoo} he he

[15:56] {Threei}  which shouldn't be too hard to do

[15:56] {nemo} [15:32] {magoo} long .70

[15:56] {nemo} [15:32] {magoo} thginking over 21

[15:56] {nemo} [15:33] {magoo} stop .43

[15:56] {magoo} did i majke a good call or WHAT?

[15:56] {nemo} absotutely

[15:57] {jfjf64} nice   magootraders.com

[15:57] {Threei}  WFC...

[15:57] {Threei}  this thing will be even higher tomorrow

[15:57] {Threei}  barring news of course

[15:57] {dino}   out vmw .90-.20

[15:57] {nemo} stress test results tomorrow

[15:57] {pita} Is that an overnight call?

[15:57] {Threei}  stree test May 4

[15:58] {Threei}  no pita

[15:58] {magoo} tomorrows may 4th??

[15:58] {dino} out idcc .90, +.30

[15:58] {magoo} f'in JPM

[15:58] {pita} Looking for a "bet the ranch" call - need to get even soon.  :)

[15:58] {magoo} missed

[15:59] {magoo} OY..never worx pita

[15:59] {magoo} TRUST ME

[15:59] {magoo} CRUSHED

[16:00] {magoo} DEAD

[16:00] {pita} yeah, I know only too well....

[16:00] {magoo} HATCHI

[16:00] {Threei}  okay guys, thank you all

[16:00] {magoo} VAD

[16:00] {Threei}  have a good evening, see you tomorrow

[16:00] {magoo} amzn reports staty putr

[16:00] {pita} see u tomorrow.

[16:00] {Threei}  okay

[16:00] {magoo} plus others vad

[16:00] {magoo} 10 pointer 

[16:00] {magoo} careful..no way to tell

[16:01] {nemo} light volume day

[16:01] {magoo} i NOT IN AMZN..but bet u vad a big mac UP

[16:01] {fernp} Good evening all. see you tomorrow

[16:01] {nemo} gnite

[16:02] {magoo} DECK

[16:04] {Threei}  EPORTS Q1 $0.41 V $0.31E,

[16:04] {magoo} amzn WOW

[16:04] {magoo} saw 82

[16:04] {magoo} POW

[16:04] {Threei}  Guides Q2 Revenues $4.3B-$4.75B v $4.6Be; Guides Operating income $M{QQQQ EBAY}

[16:05] {Threei}  R$4.89B V $4.75BE

[16:05] {Threei}  Guides Operating income $110M-$190M

[16:05] {Threei}  NFLX

[16:05] {Threei}  REPORTS Q1 $0.40 V $0.31E,

[16:06] {Threei}  RMBS

[16:06] {Threei}  REPORTS Q1 -$0.17 V -$0.39E, R $27.3M V $28.4ME

[16:06] {Threei}  JNPR

[16:06] {Threei}  REPORTS Q1 $0.17 V $0.17E, R$764.2M V $764ME

[16:11] {Threei}  MSFT

[16:11] {Threei}  REPORTS Q3 $0.33(INCL $0.06 IN SEVERANCE) V $0.39E, R $13.65B V $14.09BE

[16:13] {Threei}  MSFT moves up on that

[16:13] {Threei}  that

[16:13] {Threei}  s serious

[16:13] {magoo} man

[16:13] {nemo} and you thought the markets were rational...sheesh

[16:13] {Threei}  not me

[16:13] {magoo} beer dino??

[16:14] {Threei}  not since 1997

[16:14] {nemo} vodka vad?

[16:14] {patience} white wine patience?

[16:14] {nemo} Riesling?

[16:14] {Threei}  lightweights

[16:14] {Threei}  look at MSFT

[16:15] {nemo} OMFG!

[16:15] {Threei}  I have some Glenlivet

[16:15] {nemo} Niiiiiceeeeee

[16:18] {Threei}  and I am home alone

[16:18] {Threei}  till tomorrow

[16:18] {magoo} we are with ya

[16:18] {nemo} So, you have a problem drinking alone

[16:18] {Threei}  absolutely not

[16:18] {magoo} i am truly drinkin now

[16:21] {nemo} I'm goig to pour myself one

[16:22] {magoo} its an afterhr tradition